The Wall Street Journal cited informed sources as reporting that Bullish, a cryptocurrency exchange operated by Tom Farley, former president of the New York Stock Exchange (NYSE), is one of the three companies bidding for FTX.
According to Zombit, investment bank Perella Weinberg Partners, which is involved in the bankruptcy proceedings, has received multiple potential bids for the restart of FTX since its bankruptcy. The list of bidders has now narrowed down to just three candidates.
Sources familiar with the matter told The Wall Street Journal that the three companies on the shortlist are: Bullish, the cryptocurrency exchange operated by Farley, financial technology startup Figure Technologies, and the cryptocurrency venture capital firm Proof Group as previously reported.
The winner could be selected in December and may participate in the exchange’s relaunch plan.
Some sources suggest that if the new owner controls FTX, creditors may receive stocks in the restarted exchange or new tradable tokens as partial compensation for the funds owed to them.