Foresight News
Foresight News|Nov 19, 2025 11:37
**[FTX Creditors: Three Strong Bidders for FTX 2.0 Relaunch, Stalled by Lawyers]** Foresight News reports that SBF's X account shared a tweet from FTX creditor Arush. The tweet stated that three strong bidders for the FTX 2.0 relaunch include Arj/Tribe (an undisclosed public exchange), Bullish (whose market cap has grown from $6 billion to $9 billion), and Figure (whose market cap has increased from $5 billion to $8 billion). Each bidding proposal included significant equity components, potentially bringing billions of dollars in value to FTX creditors, but the deals were canceled by lawyers. This decision surprised both creditors and the public. During its bankruptcy process, FTX, once the world's second-largest exchange, saw its market share drop below 70% and has not recovered. The bidders for FTX 2.0 had promised to tokenize claims and operate multi-billion-dollar businesses alongside crypto portfolios, but ultimately, John Ray took over.
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