April 20, 2023

๐Ÿ˜€ Large investor Kraken is interested in restarting FTXย ย 

The plan for a potential relaunch of FTX is of interest to venture capital firm Tribe Capital. She is poised to raise $250 million to bring the idea to fruition, providing $100 million in person. Tribe has previously invested in FTX and FTX US, as well as Kraken, payment firm Bolt and Shiprocket.

๐Ÿ—“ The decision to restart FTX will be made in the current quarter. The company is still in the early stages of evaluating the idea, and a relaunch will require significant cash injections. The option of selling the exchange is also being considered.