According to a report from Zombie last night, the three companies participating in the potential reboot bidding for FTX have been disclosed as the cryptocurrency exchange Bullish operated by Tom Farley, the fintech startup Figure Technologies, and the cryptocurrency venture capital company Proof Group as reported earlier. The winner may be selected in December and will be able to participate in the exchange’s reboot plan.
During DC Fintech Week, CNBC reporter interviewed SEC Chairman Gary Gensler about this. Gary Gensler responded that if the new leadership can clearly understand and comply with the law, then the reboot of the FTX cryptocurrency exchange is possible.
Although Gary Gensler’s response was quite official and not a major positive, the headlines seem to have successfully ignited speculative sentiment for FTT. Shortly after the news was released, the FTT token price quickly surged, with an increase of over 30% within 30 minutes.