FTT Trading Volume Up Nearly 2000% After FTX Reboot Speculations

FTX reopopning sepculation send FTT trading volume soaring

As a result of this speculation, the FTT price is shooting up and the trading volume has increased for about 2000% in the last 24hrs.

[{"selector":"#anim-3bd7b04e-28cf-47ad-9a90-84c32231a0f7","keyframes":{"transform":["translate3d(-94.86552%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-356066c4-d3bf-404c-99ac-a94199006940","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54503423-fb9c-4e36-ac31-e3b0b54673a4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Sullivan & Cromwell attorneys are exploring creditor conversion to equity in FTX's bankruptcy proceedings.

[{"selector":"#anim-7ca540cb-e318-4b5b-8c9c-c88416b4250e","keyframes":{"transform":["translate3d(-96.37188%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09bdc4ce-8558-49b4-b166-a547d3169c0f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86ad4eb8-e99f-4254-8ffc-cc32a386ca26","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Significant capital would be needed to reopen FTX, with debate over using estate or third-party capital.

[{"selector":"#anim-b89e5b2a-3248-413c-a9d8-6b48972b0969","keyframes":{"transform":["translate3d(-92.11957%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04fafabb-f5e4-4951-ac4f-fec3d8c7d15c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd782f69-332c-4f28-8ef0-ac10b14ca03f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Customers may have the option to receive an interest in the exchange instead of cash proceeds.

[{"selector":"#anim-f88c4afa-3fc3-4767-8d46-734cbaf500c1","keyframes":{"transform":["translate3d(-93.49776%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-78f8dcd3-e82e-4be2-b3fd-911bebb49384","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c2035194-f955-4a7f-8fc2-09d59d90ebbd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

No final decisions have been made regarding FTX's future.

[{"selector":"#anim-4a892208-8f6e-4d7d-8408-9cb2570db952","keyframes":{"transform":["translate3d(-98.64131%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dce14705-ebcc-49b8-bffc-742864093c56","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e58d6192-3181-40be-afe1-237496752930","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

FTX's attorneys have recovered $7.3 billion in liquid assets, but equity distribution is still far away.

[{"selector":"#anim-ee9b6b60-54d4-4026-9b5c-a736b934b8b9","keyframes":{"transform":["translate3d(-93.69159%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b13a5d4-712b-4fc0-9e12-1455f3b1a27e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36ef18cc-5409-4efd-b094-4582ca7ba484","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

FTX's bankruptcy proceedings continue with ongoing discussions of potential paths forward

[{"selector":"#anim-b736391b-5bc6-4ad7-80c2-73a7303d803b","keyframes":{"transform":["translate3d(-92.891%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d75d4756-57bd-4da2-bee5-a022565feec6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b07f252-2b32-45c6-b551-31c4047ffb3d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-40113b21-3ec9-40c9-84eb-37cda8cf92fd","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Learn more