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FTT Traders Stand in a High-Risk Zone Amid SBF’s Plans to Relaunch Token

FTX Token [FTT] recorded a 30.39% increase in less than 24 hours after embattled founder Sam Bankman-Fried (SBF) consented to a recovery plan. His agreement was in response to a proposal by CNBC’s crypto trader, Ran Neuner. 

I continue to think that this would be a productive path for parties to explore! I *hope* that the teams in place will do so.

— SBF (@SBF_FTX) December 9, 2022

The trader opined that issuing a completely new FTT token and distributing it to creditors and depositors could help revive the token, which many had turned a blind eye to. 

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