FTX has proposals from three bidders to bring the exchange — or a version of it — back to life, according to a Bloomberg report Tuesday.
At a court hearing, an investment banker for the company — Perella Weinberg Partners’ Kevin Cofksy — said it plans to make a decision on the proposals before the end of the year.
A few options are on the table, Cofsky allegedly informed the court. The exchange could be sold, an outside partner brought in to help reboot the exchange, or FTX could relaunch on its own — sans, of course, its previous CEO.
Former CEO Sam Bankman-Fried is currently on trial, facing seven federal fraud counts. He’s set to start week four of his trial later this…
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