{"id":77462,"date":"2023-04-19T10:40:35","date_gmt":"2023-04-19T07:40:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77462"},"modified":"2025-09-10T23:28:25","modified_gmt":"2025-09-10T20:28:25","slug":"media-tribe-capital-eyes-possible-ftx-restart","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-tribe-capital-eyes-possible-ftx-restart\/","title":{"rendered":"Media: Tribe Capital Eyes Possible FTX Restart"},"content":{"rendered":"<p>A potential restart of the collapsed cryptocurrency exchange FTX has attracted interest from venture firm Tribe Capital. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-18\/ftx-crypto-exchange-restart-plan-draws-interest-from-tribe-capital-vc?leadSource=uverify%20wall\">Bloomberg<\/a> reports, citing sources.<\/p>\n<p>Founded in 2018, Tribe Capital was one of the investors in the bankrupt trading platform.<\/p>\n<p>According to the agency, in January 2023, co-founder Arjun Sethi met with the FTX Unsecured Creditors&#8217; Committee to discuss a proposal to revive the exchange.<\/p>\n<p>As part of the initiative, Tribe is weighing a $250 million raise. It has already secured $100 million of support from its parent company and its investors.<\/p>\n<p>Following Bloomberg&#8217;s report, the FTX creditors&#8217; committee said it was evaluating all options &#8220;to reboot or to sell the exchange and create value for creditors&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Committee is working with the Debtors to evaluate all options to reboot or sell the FTX exchanges and create value for creditors.<\/p>\n<p>\u2014 Official Committee of Unsecured Creditors of FTX (@FTX_Committee) <a href=\"https:\/\/twitter.com\/FTX_Committee\/status\/1648365875244810246?ref_src=twsrc%5Etfw\">April 18, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Until an official process is launched, parties interested in purchasing or sponsoring a reboot of FTX should contact the debtors and the committee,&#8221; the creditors noted.<\/p>\n<\/blockquote>\n<p>In early 2023, the platform&#8217;s then-CEO John Ray <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-ceo-signals-possible-restart-of-the-exchange\">stated<\/a> that a reboot was possible. According to him, a specially formed working group is examining whether a reboot could deliver more value to users than liquidating FTX&#8217;s assets.<\/p>\n<p>Lawyers for the bankrupt <a href=\"https:\/\/u1f987.com\/en\/news\/ftt-token-jumps-90-on-talks-of-restarting-ftx\">promised to present<\/a> to the court a plan to reorganize the exchange with a possible resumption of operations. Attorneys noted that the company has assets totaling $7.3 billion.<\/p>\n<p>Former FTX chief Zane Takett also <a href=\"https:\/\/u1f987.com\/en\/news\/former-ftx-executive-proposes-reviving-a-platform-to-trade-claims\">remains committed to the idea of a reboot<\/a>. In his view, the exchange should fully resume operations and begin trading claims on the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A potential restart of the collapsed cryptocurrency exchange FTX has attracted interest from venture firm Tribe Capital. Bloomberg reports, citing sources.<\/p>\n","protected":false},"author":1,"featured_media":77463,"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-77462","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":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77462","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=77462"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77462\/revisions"}],"predecessor-version":[{"id":77464,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77462\/revisions\/77464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77463"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}