Proof Group Eyes Revival of Bankrupt FTX Exchange

November 7th, 2023
Investment firm Proof Group, part of the consortium that recently acquired the assets of bankrupt lender Celsius, is now one of the lead bidders to rehabilitate the fallen crypto exchange FTX. As reported by CoinDesk and confirmed by Bloomberg, Proof Group is not only in the fray to purchase FTX but is also inviting other investors to join their bid. Managing partner Noah Jessop, with a strong background in crypto ventures and blockchain initiatives, is spearheading the efforts amidst FTX's search for a rescue plan, with proposals being meticulously considered by FTX's bankruptcy lawyers and investment bank Perella Weinberg Partners.
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