FTX Backed by Powerful People: Tech CEO

Don Ma
By Don Ma
April 13, 2023NTD Business

Cryptocurrency exchange FTX has recovered over $7.3 billion in assets, according to the company attorney. While negotiating with stakeholders about restarting its crypto exchange, FTX hasn’t made it clear whether it would use its own funds to restart the exchange or use the money to repay customers.

FTX is also working on a preliminary Chapter 11 plan that would offer the company a path out of bankruptcy. Its ex-founder Sam Bankman-Fried has been indicted on fraud charges but has pleaded not guilty.

To help better understand what’s happening with FTX, NTD spoke with Digibuild Software CEO Robert Salvador, who’s been following the company closely.

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