DOGE Cofounder Comments on FTX's Plans to Reboot Outside USA

Earlier, it was reported that the administration currently running the bankrupt FTX exchange submitted a plan to relaunch the platform for offshore clients, making it closed to U.S. residents.

FTX’s latest restructuring plan points out that the Debtors may decide to establish in collaboration with third party investors a new company in a jurisdiction outside of the United States to operate a “rebooted” offshore platform like FTX2.0 which is not available to U.S.…

— Wu Blockchain (@WuBlockchain) August 1, 2023

The creditors are divided into "dotcom customers" (investors who are claiming refunds from FTX.com offshore exchange). The second group is called "US customers" — they are customers of the FTX exchange based in the U.S. They are followed by claimants of the NFT exchange, general unsecured claims, etc. The "dotcom" claimants may choose to put their assets together to launch an offshore crypto exchange, which will not service customers within the U.S.

why tho

— Shibetoshi Nakamoto (@BillyM2k) August 1, 2023

DOGE creator Bill Markus responded to a tweet with this news with a lazy "why though?" as if seeing this as pointless. When FTX exchange collapsed and founder Sam Bankman-Fried began apologizing on various media, admitting his mistakes, Markus poured heavy criticism on him on his Twitter page.

SBF might be linked to rugpulled BALD token

Data has also emerged that the founder of the FTX exchange who has been charged with defrauding his investors of billions of U.S. dollars, Sam Bankman-Fried, may be linked to the meme coin BALD that was launched just recently on Coinbase's Layer 2 blockchain Base.