FTX’s Restart Plan Draws Interest from Tribe Capital

According to sources from Bloomberg, the restart plan of the bankrupt cryptocurrency exchange FTX has drawn the attention of venture capital firm Tribe Capital. It was reported that Tribe Capital invested in FTX in November and is considering supporting the restart plan.

According to sources from Bloomberg, the restart plan of the bankrupt cryptocurrency exchange FTX has drawn the attention of venture capital firm Tribe Capital. It was reported that Tribe Capital invested in FTX in November and is considering supporting the restart plan.

Arjun Sethi, a co-founder of Tribe Capital, met with FTX’s unsecured creditor committee in January. Bloomberg reported that Tribe Capital is considering injecting $250 million of capital from FTX and its investors.

The creditor committee stated that they have evaluated all options for restarting or selling FTX exchanges. However, it was noted that parties interested in restarting or acquiring FTX exchanges must first contact debtors and the committee before any official process begins.

In addition, the committee representing FTX’s creditors stated in a series of tweets following Bloomberg’s report that they are working to review all options to reopen or sell FTX exchanges and create value for creditors.

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