CryptoMediaClub
Sunday, June 15, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Tribe Capital considers reviving bankrupt crypto exchange FTX: Report

19.04.2023
A A
0
122
VIEWS
ShareShare

Tribe Capital, the San Francisco-based venture capital firm that previously invested in FTX before its collapse, is exploring the possibility of injecting new capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18.

The venture capital firm is reportedly contemplating leading a $250 million fundraising campaign, anchored by $100 million from itself and its limited partners. According to Bloomberg, sources familiar with the matter say that Tribe co-founder, Arjun Sethi, met with FTX's Committee of Unsecured Creditors in January to discuss the informal proposal.

Bloomberg also reported that “Tribe’s proposal in January included an estimated 9 million customer accounts, FTX US, FTX Australia, FTX Japan, FTX EU, FTX International and LedgerX, while excluding a venture capital portfolio and crypto assets, among others.” If the reboot plan is successful, the revived exchange will retain the name FTX.

On April 18, the Official Committee of Unsecured Creditors of FTX took to Twitter to confirm that “The Committee is working with the Debtors to evaluate all options to reboot or sell the FTX exchanges and create value for creditors.” However, the committee added, "There is no definitive timetable for a reboot or sale of the exchanges at this time.”

The Committee is working with the Debtors to evaluate all options to reboot or sell the FTX exchanges and create value for creditors.

— Official Committee of Unsecured Creditors of FTX (@FTX_Committee) April 18, 2023

Related: FTX’s bankruptcy lawyers and advisers pocket $32.5M in February

In January 2023, the judge overseeing the FTX bankruptcy proceedings gave the troubled crypto exchange approval to sell some of its assets to help repay its creditors. According to a filing in Delaware Bankruptcy Court, Judge John Dorsey approved the sale of four key units of FTX, which included derivatives platform LedgerX, stock-trading platform Embed and the exchange's regional arms, FTX Japan and FTX Europe.

On April 12, attorneys from Sullivan & Cromwell, who were representing FTX at a hearing in the United States Bankruptcy Court for the District of Delaware, stated that the exchange had recovered approximately $7.3 billion in liquid assets.

Magazine: Can you trust crypto exchanges after the collapse of FTX?

Share9Tweet6ShareSharePin2

Related Posts

Major Leap: Upbit’s Banking Partner Joins Forces for South Korea Blockchain Advancement and Stablecoin Study
Blockchain

Major Leap: Upbit’s Banking Partner Joins Forces for South Korea Blockchain Advancement and Stablecoin Study

13.06.2025
0

Skip to content

Read moreDetails
Binance Alpha Spotlights Promising Pundi AI on Early Crypto Platform

Binance Alpha Spotlights Promising Pundi AI on Early Crypto Platform

12.06.2025
Chainlink CBDC Pilot: Pioneering Secure Digital Currency Exchange

Chainlink CBDC Pilot: Pioneering Secure Digital Currency Exchange

10.06.2025
TRUMP Memecoin: Eric Trump Announces Significant WLFI Investment Plan

TRUMP Memecoin: Eric Trump Announces Significant WLFI Investment Plan

07.06.2025
Accelerate: Sui and Dubai VARA Partner to Boost Crypto Startups

Accelerate: Sui and Dubai VARA Partner to Boost Crypto Startups

05.06.2025
Load More
Next Post
Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?

Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

XRP breaks $1, hits 3 year high as open interest goes above $2 billion

XRP breaks $1, hits 3 year high as open interest goes above $2 billion

7 months ago
Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst

Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst

2 years ago
Best Crypto to Buy Today March 26 – Internet Computer, Aptos, Fetch.ai

Best Crypto to Buy Today March 26 – Internet Computer, Aptos, Fetch.ai

1 year ago
BRISE Traders Gained Massive Return of 99 %; Will it Continue?

BRISE Traders Gained Massive Return of 99 %; Will it Continue?

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot?

Ethereum Price Prediction: TradFi Inflows Could Impact ETH Price – What’s Next?

Trending

All news

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

15.06.2025
0

The dream of pulling life-changing gains from meme coins is still alive, and Solana-based Telegram trading bot...

Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Earnings

Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Earnings

15.06.2025

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

15.06.2025

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

15.06.2025

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

15.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz