TechFlow News: According to Bloomberg, FTX is negotiating with three bidders to restart the exchange. Investment banker Kevin M. Cofsky said at a court hearing in Delaware on Tuesday that FTX will make a decision by mid-December. Cofsky said FTX is negotiating with investors on the details of a potentially binding offer. Options include selling the entire exchange, which contains a list of more than 9 million customers, or bringing in partners to help restart the exchange. In addition, FTX is also considering restarting its own trading platform.

Since filing for bankruptcy last year, FTX has been struggling to raise funds to repay creditors. Court documents show that so far, FTX executives have recovered about $7 billion in assets, including $3.4 billion in cryptocurrencies. Company lawyer Andrew Dietderich said in court that FTX and its major creditor groups have initially resolved some of the most thorny disputes in the case, which will enable the company to submit a detailed payment plan in December.