Proof Group, a prominent Silicon Valley investment firm, has expressed interest in the potential relaunch of FTX, according to sources familiar with the matter. Proof Group, which is part of the Fahrenheit consortium that acquired bankrupt Celsius Network, is reportedly exploring partnerships with other entities to secure the acquisition of FTX. The investment firm has previously invested in various blockchain and crypto ventures and is focused on supporting the next generation of founders in the financial technology space. This development comes after earlier statements regarding the possible revival of FTX, with the exchange actively engaged with three interested bidders. A final decision on the future of FTX is expected by December. Meanwhile, FTX has been working to recover assets for its customers and investors since its bankruptcy almost a year ago, with approximately $7 billion worth of assets recovered as of September. The exchange has also initiated the transfer of some of its crypto assets to other exchanges and is seeking approval to divest its Trust assets. These developments occur alongside the recent conviction of FTX’s former CEO, Sam Bankman-Fried, who faces potential sentencing and a prison term exceeding 100 years.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	Sam Bankman-Fried
Companies	Celsius Network, Proof Group, FTX, Fahrenheit consortium, Bloomberg
Currencies	None
Securities	None