is among the several parties making a bid for defunct trading platform FTX, according to sources familiar with the situation.
According to the court presentation, the exchange's estate has contacted 75 bidders. It's set a deadline for new bids of Sept. 24.As for the logic behind Bullish's bid, the firm sees value in FTX's customer base and it's keen to convert"as many to being customers of Bullish as possible," according to a person familiar with the ongoing conversations. The process is slow-moving and may breakdown, the person added.
Bankman-Fried is currently in a New York City jail awaiting an early October trial after prosecutors accused him of witness tampering for the leaking of a private diary of Ellison and the use an encrypted messaging app to contact a potential witness.