FTX Japan has begun a recruitment push to grow its workforce and advance the FTX 2.0 plan. By the end of the second quarter of 2024, the FTX team hopes to have relaunched the exchange.
To further the FTX 2.0 project, FTX Japan is on the lookout for fresh talent. New crypto tools, non-custodial CEX trading, Proof of Solvency, and market-leading crypto derivatives are among the goals of the exchange as it examines cutting-edge technology like AI.
FTX 2.0 Relaunch
FTX Japan’s COO Seth Melamed has spearheaded a recruiting push that demonstrates the company’s dedication to moving the FTX 2.0 program forward. In May, it was reported on FTX’s new CEO John Ray’s ambitions, which revealed the exchange’s 2.0 relaunch.
FTX froze all withdrawals suddenly last year before collapsing under the weight of its financial obligations. On November 11th, 2022, it filed its bankruptcy paperwork. Nearly 2 million clients were left with outstanding balances as a result of the consequences. Around 130 firms affiliated with the FTX group filed for bankruptcy last year after a liquidity crisis hit the industry.
Voyager Digital, BlockFi, Celsius, and Three Arrows Capital are just a few examples of well-known companies that failed. On the other hand, former FTX CEO Sam Bankman-Fried vehemently refuted the several claims filed against him.
Recently, the legal team aiming to recover investor assets from FTX claims that the collapsed cryptocurrency exchange spent roughly $400 million on the purchase of Swiss business Digital Assets AG (DAAG), which became FTX Europe. The plaintiffs are trying to recover their purchase costs.
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