There are many moving parts in the FTX bankruptcy, and a restart would have to deal with various aspects of claims, token lockups and compliance issues. The process is not straightforward. Bankrupt crypto lender Voyager attracted a number of hopeful bidders looking to restructure the firm, offer tokens to creditors and so on, to no avail, offering a case study on how tricky reboot plans can be, said bankruptcy expert Thomas Braziel, founder of 117 Partners.

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Author: Ian Allison

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