![]() Other signs that an exchange restart is in the works were detailed in April court filings, where lawyers disclosed a search and on-boarding process for new developers to work on a “restart project plan. Incidentally, the final item on Ray’s list of billables was a review and comment on the FTX 2.0 bidder list. Optimism (OP) is a Layer 2 scaling solution for Ethereum that can support all Ethereum applications. ![]() Bloomberg reported that venture capital firm Tribe Capital was looking to lead a $250 million fund-raising campaign to restart FTX. ![]() ![]() Last month, FTX’s lead bankruptcy attorney Andrew Dietderich revealed in a court hearing that a potential exchange restart was being considered as part of a reorganization plan that would return assets to creditors.Ī week after Dietderich’s statements, the momentum behind this plan appeared to be building. Likely illegal FTT as an unregistered security subject to every imaginable legal encumbrance… Why would FTX 2.0 “gift” value to a random set of unrelated token holders? Why would legal creditors allow that? B. The token rallied despite the fact that several industry watchers have asserted that FTT will likely have no connection with a restarted FTX.Ģ/ why? A. The document also suggests that Ray has been in constant communication with investment bank Perella Weinberg Partners LP regarding the 2.0 reboot plan over the last weekend.įTX’s native token FTT gained as much as 15% on Monday but had retreated to a price of $1.08 at the time of writing. Included in this list was a term sheet for structuring the exchange, reviewing the FTX 2.0 next steps summary and finalizing material related to the reboot for distribution. We’re seeing a lot of strength in fixed income, says WisdomTree CEO Jonathan Steinberg. FeCXOvdrt0įTX CEO John Ray III, in charge of overseeing the bankruptcy proceedings, listed several line items in his billable hours that seemed to imply this was the case. Charles Schwab CEO: Our clients are showing some optimism. bankruptcy court appears to suggest that a plan to restart FTX has been set in motion.įTX creditors tracking the exchange’s plans to reopen the trading platform pointed to a compensation report filed by the firm’s bankruptcy lawyers which indicated the process was close to being finalized.įTX CEO John Ray III confirms FTX 2.0 plans. Get started in under 5 minutes with Synapse.A May 22 court filing in the U.S. All you need is an EVM compatible wallet like Metamask, some crypto, a bridging token (preferably ETH), and a secure cross-chain bridge. You can also get this figure lower if you change your bridging token to one with positive slippage like gOHM which only incurs a small $2AUD fee.īridging your cryptocurrencies from Ethereum to Optimism is easier than ever and it's faster with Synapse. On most major exchanges this fee ranges from $30AUD to $50AUD. According to lawsuit document, the nonprofit arm of FTX, known as the FTX Foundation, was allegedly planning to buy the small island nation of Nauru. ![]() The total fees to bridge your cryptocurrencies from Ethereum to Optimism on Synapse are $15 - $20AUD. On Synapse, users are charged a bridging fee and a network transaction fee. When bridging between any chains there are typically 2 - 3 (this can vary depending on which platform you use) fees involved. Go to your Metamask extension and click ‘Networks’ then select ‘Add Network’, and fill in the below details. Before bridging your tokens from Ethereum to Optimism, you will first need add the Optimism network RPC details to your Metamask wallet. ![]()
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