FTX creditors: There were three final bidders with strong financial backing for the FTX 2.0 reboot project, but it was ultimately rejected by the bankruptcy lawyers

FTX creditor Arush disclosed on social media that there were three final bidders with financial strength for the FTX 2.0 reboot project, but they were ultimately rejected by the bankruptcy lawyers.

Arush revealed that he was recruited by Arj to be responsible for the FTX 2.0 reboot bidding, and his consortium became one of the three final bidders. The three bidders were: Arj/Tribe in partnership with an undisclosed public exchange; Thomas Farley's Bullish; and Mike Cagney's Figure.

According to him, each bidding proposal included significant equity components, which could have brought hundreds of billions of dollars in value to FTX creditors.