$FTT The three bidders for the restart of the FTX exchange are:
1. The crypto industry VC Proof Group
Investment case: The Proof Group is a venture capital investor in several crypto projects such as Aptos, Lightspark, and Sui.
2. Blockchain finance company Figure Technologies
Investment case: The core team of Figure Technologies comes from top global AI and physical robotics research teams including Boston Dynamics, Tesla, Google DeepMind, and Archer Aviation. However, in the previous auction of the collapsed exchange Celsius, the winning Fahrenheit consortium included the Proof Group, while Figure lost in the same competition.
3. The cryptocurrency exchange Bullish, operated by former NYSE Group president Tom Farley.
Investment case: Bullish previously acquired CoinDesk: Bullish acquired 100% of the cryptocurrency media company CoinDesk in a cash transaction. CoinDesk, founded in 2013, is a news site focused on cryptocurrency, and its CoinDesk Index has become the industry standard for institutional cryptocurrency pricing. After the acquisition, CoinDesk will operate as an independent subsidiary of Bullish.
Currently conducting due diligence and information sharing with multiple parties to negotiate "acquisitions, mergers, capital restructuring, or other transactions" to restart the company. Who do you think has a better chance of successfully bidding?