FTX Creditors: There were three well-funded final bidders for FTX 2.0, but they were rejected by the lawyers.

PANews November 19 news, FTX co-founder SBF (Sam Bankman - Fried) retweeted a tweet from FTX creditor Arush. The tweet revealed that during the FTX 2.0 reboot project bidding process, the situation was vastly different from Andrew Dieterich's claim that “no one wants to buy FTX 2.0.” In fact, three reputable and well-funded finalists participated in the sales process: one was Arj/Tribe with a publicly undisclosed listed exchange; the second was Bullish under Tom Farley; and the third was Figure under Mike Cagney. These bidders all proposed plans that included a large equity component, which, if the transaction was successful, could have added hundreds of billions of dollars in value to the assets of all FTX creditors, but the lawyers ultimately vetoed these transactions. This result surprised them, the public, and the creditors. Arush pointed out that the FTX 2.0 bidders promised to tokenize the debt and operate this multi-billion dollar venture capital and crypto portfolio. Tom Farley or Mike Cagney would both be suitable operating candidates, but in the end, current FTX CEO John Ray and the Sullivan & Cromwell law firm put a stop to the transaction.