{"id":77109,"date":"2023-04-12T17:38:40","date_gmt":"2023-04-12T14:38:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77109"},"modified":"2025-09-10T21:26:43","modified_gmt":"2025-09-10T18:26:43","slug":"former-ftx-executive-proposes-reviving-a-platform-to-trade-claims","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/former-ftx-executive-proposes-reviving-a-platform-to-trade-claims\/","title":{"rendered":"Former FTX executive proposes reviving a platform to trade claims"},"content":{"rendered":"

Former head of institutional sales at FTX Zane Tackett argues that the exchange should relaunch and begin trading the platform’s claims. The Block<\/a> reports this, citing his Telegram post.<\/p>\n

In his view, the collapsed crypto exchange should be revived with all the products it offered before crash in November 2022<\/a>, adding a market for tokenised claims.<\/p>\n

As an example, Tackett cited Bitfinex’s strategy. After the 2016 hack, the platform issued the BFX token, which was equivalent to one dollar of each user’s losses.<\/p>\n

\n

\u201cCreditors currently have no fair way to value assets belonging to FTX. If they could convert their debt into equity and gain access to investments, I think this would be a huge advantage for them,\u201d explained the former employee of the company.<\/p>\n<\/blockquote>\n

Tackett believes the initiative would help the exchange accumulate liquidity, and give some investors an opportunity to earn.<\/p>\n

FTX 2.0 could succeed if \u201cit begins operating like a crypto company and can be flexible,\u201d he added.<\/p>\n

In early 2023, the platform’s then-CEO John Ray had already stated<\/a> that a relaunch was possible. According to him, a specially formed working group is studying whether a reboot could deliver more value to users than the liquidation of FTX assets.<\/p>\n

In April, it was reported that the collapsed exchange had no basic bookkeeping<\/a> and financial controls and was run by a small group of people who \u201cwere characterised by arrogance, incompetence and greed.\u201d<\/p>\n

Later, Ren Protocol representatives said that the company will transfer<\/a> all assets to the owners\u2019 cold wallets\u2014FTX and Alameda Research.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former head of institutional sales at FTX Zane Tackett claims that the exchange should relaunch and begin trading the platform’s claims.<\/p>\n","protected":false},"author":1,"featured_media":77110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,1236],"class_list":["post-77109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-ftx"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77109"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77109\/revisions"}],"predecessor-version":[{"id":77111,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77109\/revisions\/77111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77110"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}