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FTX: is the exchange ready to go again?

FTX: is the exchange ready to go again?

The exchange is in crisis, with balances (which are often difficult to rebuild) in the negative and a general situation that will not allow even in a fantasy world to get FTX back up and running. Here's a summary of what Skybridge Capital's Anthony Scaramucci said and commented - and that's probably the last word on so much talk coming out of the courts, from enthusiasts and from some fancy websites.
In short: reviving FTX, especially at a market stage with fairly low volumes - and while it is impossible to say with certainty when volumes will return to growth and when exchanges will return to grinding profits - is absolutely impossible.
Or at least that's the view of Anthony Scaramucci, who had a special relationship with SBF (he sold him 30% of his company) and must know something about what's going on in the stock market, no matter how difficult it often is to get reliable information.

FTX relaunch: a chronicle of the news that never happened


The torment over the possible restart of FTX has actually been going on for months, or rather, ever since John Ray, who is the CEO of the bankruptcy proceedings group, confirmed the interest, albeit minimal, of some entities in the technology that is revitalizing the exchange. From there, however, through the usual wireless phone mechanism, he came, at least according to some publications, to a semi-determination of what was in the pipeline. The semi-determinism was then backed up by some statements from lawyers involved in the bankruptcy proceedings, even these, however, were subjected to a subtle cut-and-paste operation.

A complicated situation exaggerated by some newspapers


Those who hope to see FTX working again will probably be proven wrong by the facts, since the more the issue is analyzed, the more areas emerge in which resurrection from the ashes is impossible.
Lawyers following the case also point out that the reality is that even the software, which everyone or almost everyone appreciates, had many flaws - and after what happened, it will be difficult to get it back in production by fixing the backdoors and other loopholes that Alameda and FTX used to gain an advantage in the market and over their customers.

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