FTX20 Relaunches with Exciting News Foreign Media Silicon Valley Investment Firm Proof Group to Participate in Bidding

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Proof Group to Participate in FTX Restart Auction
Various Options Under Consideration
CoinDesk Cites Sources
Reported
that Silicon Valley investment firm Proof Group is one of three companies seeking to participate in the auction to restart the cryptocurrency exchange FTX.
Proof Group has a certain level of understanding of the cryptocurrency industry, as the company was a member of the Fahrenheit Consortium, which successfully bid for the assets of the bankrupt lending platform Celsius in May. Additionally, Proof Group is also an investor in cryptocurrency projects such as Aptos, Lightspark, and Sui.
In addition to CoinDesk reporting this news, Bloomberg also published a similar report citing sources, stating that Proof Group is also looking for other investors to participate in the auction to see if they are interested in joining.
Since the bankruptcy of FTX, the industry has been greatly impacted. According to investment bank Perella Weinberg Partners, which is involved in the bankruptcy proceedings, FTX has received multiple potential bids for a restart, and the list of bidders has now narrowed down to three companies.
It is currently unclear which three companies are the bidders, but according to previous reports, financial technology and digital asset company Figure, venture capital firm Tribe Capital, and cryptocurrency exchange Bullish are among the companies interested in participating in the restart of FTX.
At present, FTX bankruptcy advisors and lawyers are still considering various options to determine how the exchange will be wound up or if it will be restarted. Kevin Cofsky, a partner at Perella Weinberg Partners, stated in bankruptcy court last month:
Kevin Cofsky also stated in court that a decision is expected to be made by mid-December.