FTX abandons efforts to restart crypto exchange after talks with bidders fail

FTX abandons efforts to restart crypto exchange after talks with bidders fail

An FTX logo and a representation of cryptocurrencies are seen through broken glass in this illustration taken December 13, 2022. REUTERS/Dado Ruvic/Illustration

FTX has abandoned efforts to restart its crypto exchange, instead opting to liquidate all assets and return funds to customers, a company attorney said on Wednesday.