[FTX 2.0 Bid Finalists Rejected by Lawyers]
FTX co-founder SBF shared a tweet from FTX creditor Arush. The tweet revealed that in the bidding process for the FTX 2.0 reboot project, three well-funded and reputable finalists participated in the sale process. These included Arj/Tribe and a publicly listed exchange that has not been disclosed, Bullish under Tom Farley, and Figure under Mike Cagney. The bidders proposed plans that included significant equity components, which, if the deal were finalized, could potentially add tens of billions of dollars in value to creditor assets. However, the current FTX CEO John Ray and the law firm Sullivan & Cromwell ultimately rejected the deal.
