April 20, 2023
๐ 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.
๐ 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.