🔰Silicon Valley investment firm Proof Group is bidding to relaunch FTX, which has been narrowed down to three shortlists including Figure and Tribe Capital, including the sale of the exchange and its 9 million subscriber list, with a decision likely to be made in mid-December.

FTX, at the time one of the largest crypto exchanges, collapsed almost a year ago, sending shockwaves through the industry. Since then, the bankrupt exchange has received numerous offers for a possible restart.

Other companies reportedly showing interest in reviving FTX include fintech and digital assets firm Figure, which also made a bid for Celsius as part of the failed NovaWulf group. Venture capital investor Tribe Capital has also reportedly submitted a bid for FTX.

There are a lot of moving parts in FTX's bankruptcy, and starting over requires dealing with various aspects of claims, token locking, and compliance issues. The process is not easy. Bankrupt crypto lender Voyager attracted a number of hopeful bidders looking to restructure the company, offering tokens to creditors, and so on, but to no avail, offering a case study in how complex a reboot plan can be.

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