Rebooting FTX is a Terrible Idea

You've probably heard the news: FTX, the failed crypto company, is planning a comeback.

The exchange's CEO, John J. Ray III, who took over the reins in November when the exchange filed for bankruptcy, is now spearheading the reboot. He's quoted as saying, "The company has begun the process of soliciting interested parties to the reboot of the FTX.com exchange." Now, I don't know about you, but that sounds like a desperate plea for a lifeline to me.