ChainCatcher news indicates that according to recent court documents, FTX is seeking court approval to propose compensation to customers at an estimated value of $16,871 per BTC, $1,258 per ETH, and $16 per SOL. Additionally, FTX estimates the compensation price for AVAX to be $14.19 per unit, while stablecoins USDT, TUSD, and BUSD are trading a few cents below their $1 peg.FTX creditors have expressed strong criticism regarding this and suggested that customers who wish to oppose the motion should write to the judge overseeing the bankruptcy case. It is reported that customers holding opposing views will be able to submit their objections by January 11, 2024.

ChainCatcher message, the FTX creditor alliance FTX 2.0 Coalition stated on social media, "In fact, FTX is a great brand. Without this brand, FTT would not have reached a market value of $2 billion and considerable trading volume today. We recommend rehiring the marketing department."

ChainCatcher news, according to The Wall Street Journal, a company run by former New York Stock Exchange president Tom Farley is one of three companies bidding for the remaining assets of FTX, the bankrupt cryptocurrency exchange platform founded by Sam Bankman-Fried, which is in the final stages of auction. According to insiders, the cryptocurrency exchange platform Bullish operated by Farley, fintech startup Figure Technologies, and crypto venture capital firm Proof Group are competing to acquire FTX. The winning bidder could restart the exchange platform after it plans to exit bankruptcy next year.

ChainCatcher news, according to CoinDesk citing informed sources, a Silicon Valley investment firm represented by the Proof Group, as part of the Fahrenheit consortium, has successfully bid for the bankrupt cryptocurrency lending platform Celsius and is now involved in planning the reboot of the former cryptocurrency trading giant FTX.According to investment bank Perella Weinberg Partners, multiple proposals for a potential reboot of FTX have been narrowed down to one of three shortlisted options. In addition to a possible reboot, other options being considered include selling the entire trading platform along with its 9 million customer list, or bringing in partners. Perella Weinberg partner Kevin Cofsky stated last month that a final decision is expected to be made by mid-December.The Proof Group is a venture capital investor in several crypto projects, including Aptos, Lightspark, and Sui. Other companies reportedly showing interest in reviving FTX include fintech and digital asset company Figure, which is also part of the NovaWulf group that failed to successfully bid for Celsius. It is reported that venture capital firm Tribe Capital has also submitted a bid for FTX.

ChainCatcher news, Tron founder Justin Sun stated on social media that he is considering acquiring the tokens and assets held by FTX to mitigate the impact of its sell-off on the crypto community.Previous news shows court documents indicating that FTX has approximately $7 billion in assets, of which $3.4 billion is in cryptocurrency, including $1.16 billion in Solana (SOL) and $560 million in BTC.

ChainCatcher news, according to The Block, Skybridge founder Anthony Scaramucci stated in an interview that FTX is unlikely to restart, as any exchange's restart process requires the support of creditors and bankruptcy judges. A more plausible scenario is that FTX will sell its software and licensing rights and reopen under a new brand.Additionally, Scaramucci warned that Securities and Exchange Commission Chairman Gary Gensler is a "malicious regulator," and his stance on the crypto industry could push more business overseas. (Source link)

ChainCatcher news, according to Bloomberg, the potential plan for FTX to restart its cryptocurrency trading platform has attracted the interest of investment firm Tribe Capital. In January 2023, Tribe Capital co-founder Arjun Seti met with the FTX unsecured creditors' committee to discuss a proposal to revitalize the trading platform. As part of this plan, Tribe is considering raising $250 million, having already secured $100 million in support from its parent company and investors.Insiders indicate that Tribe's proposal in January included approximately 9 million customer accounts, FTX US, FTX Australia, FTX Japan, FTX EU, FTX International, and LedgerX, while excluding venture portfolios and crypto assets. The new trading platform will continue to use the FTX name. Additionally, the FTX creditors' committee stated that it is evaluating all options to restart or sell the trading platform and create value for creditors.It is reported that Tribe Capital was founded in 2018 and is one of the investors in FTX. (source link)