Hastings Turns Wheel Over as Streaming Market Slows

// It certainly was a splashy headline. “New FTX Chief Says Crypto Exchange Could Restart,” The Wall Street Journal declared on Thursday. And boom! Just like that, FTX’s notorious FTT token shot up more than 20% in a matter of minutes…

Ray is saying FTX could hypothetically restart operations because, well, he has to say that. If that’s what will get creditors back more of their money, then so be it. That would of course involve traders coming back to the FTX trading platform, the likelihood of which feels very, very slim. As one finance professor put it to Bloomberg today, “The brand is toxic.” https://www.theinformation.com/articles/hastings-turns-wheel-over-as-streaming-market-slows //

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