Bankrupt FTX Proposes Relaunch of FTX.com for Non-US Users, FTT Gains 17% Despite Plans To Cancel Claims

Bankrupt cryptocurrency exchange FTX has proposed a plan to relaunch its international arm, FTX.com, as an offshore exchange exclusive to non-US users. The announcement has caused FTT, the native token of the FTX exchange, to rise by 17%, despite plans to cancel all FTT claims due to their "equity-like characteristics." FTX intends to sort claimants into different pools, with customers of FTX.com being termed "Dotcom customers" and may choose to grant them some share of the company instead of conducting a full cash settlement. Talks of an FTX.com relaunch began in January, with discussions with potential investors starting in June.

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