FTX Relaunch Blocked? Creditor Alleges Bullish Bid Interference

Crypto
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author: CryptoNews

date: November 19, 2025

1 min. read

### FTX Creditors Claim Blocked Bullish Bid During Relaunch Attempt An FTX creditor, Arush, has alleged that bankruptcy lawyers interfered with potential bids from major companies, including cryptocurrency exchange Bullish, during FTX's attempted relaunch as FTX 2.0. Arush stated on X (formerly Twitter) that Bullish, Figure, and another unnamed centralized exchange were interested in bidding for FTX. These companies reportedly offered not only cash but also equity structures projected to add billions in value for creditors. ### Law Firms Accused of Prioritizing Fees Over Creditor Value The core accusation is that bankruptcy law firms blocked these potential deals, allegedly favoring liquidation due to the higher fees associated with the process. Arush claims this contradicts statements made by FTX bankruptcy lawyers that no companies were interested in acquiring FTX. Sam Bankman-Fried reposted the accusation. The claim is based on the fact that legal firms are more concerned with revenue than the stakeholders interests. This is likely a conflict of interest that regulators might need to look into. ```