FTX redux?

and is it possible, asks Blockworks. About a two minute read.

Comment: the author compares FTX to other companies that have emerged from bankruptcy, but doesn’t seem to recognise the difference between, for example, a catering firm and a brokerage. The latter cost a large number of people a lot of money, in some cases life savings. I don’t think we’ll ever see FTX back as a viable enterprise. No real USP and a brand tainted to the point of having negative value.