{"id":2947,"date":"2024-01-31T18:19:01","date_gmt":"2024-01-31T18:19:01","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2024\/01\/31\/ftx-scraps-plan-to-revive-exchange-and-will-repay-billions-to-customers\/"},"modified":"2024-01-31T18:19:01","modified_gmt":"2024-01-31T18:19:01","slug":"ftx-scraps-plan-to-revive-exchange-and-will-repay-billions-to-customers","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2024\/01\/31\/ftx-scraps-plan-to-revive-exchange-and-will-repay-billions-to-customers\/","title":{"rendered":"FTX scraps plan to revive exchange and will repay billions to customers"},"content":{"rendered":"<p>Cryptocurrency exchange founded by Sam Bankman-Fried \u2018an irresponsible sham created by a convicted felon\u2019, lawyer says<\/p>\n<p>FTX has abandoned efforts to restart its crypto exchange, instead opting to liquidate all assets and return funds to customers, a company attorney said on Wednesday.<\/p>\n<p>The exchange, founded by Sam Bankman-Fried, has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild it, FTX attorney Andy Dietderich said at a bankruptcy court hearing in Delaware.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/jan\/31\/ftx-crypto-exchange-cancelled-refund-customers\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange founded by Sam Bankman-Fried \u2018an irresponsible sham created by a convicted felon\u2019, lawyer says FTX has abandoned efforts to restart its crypto exchange, instead opting to liquidate all assets and return funds to customers, a company attorney said on Wednesday. The exchange, founded by Sam Bankman-Fried, has been negotiating for months with potential &#8230; <a title=\"FTX scraps plan to revive exchange and will repay billions to customers\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2024\/01\/31\/ftx-scraps-plan-to-revive-exchange-and-will-repay-billions-to-customers\/\" aria-label=\"Read more about FTX scraps plan to revive exchange and will repay billions to customers\">Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-2947","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/2947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=2947"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/2947\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=2947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=2947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=2947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}