The post TrigonX Rises From FTX’s Ashes, All Set To Relaunch appeared first on Coinpedia Fintech News
TrigonX, an Australian crypto exchange established in 2014, faced a collapse in December with $50 million in debts. However, the exchange is now preparing for a relaunch, presenting itself as a revival story following the FTX collapse. TrigonX’s company director, Matteo Salerno, has confirmed the approval of a company agreement to facilitate the revival process. The exchange appointed administrators on December 16 to address the withdrawal demands that were not met. Salerno has expressed concerns about dividend payments during the liquidation process, highlighting the potential delays and risks of depleting creditor funds.
Source: https://coinpedia.org/crypto-live-news/trigonx-rises-from-ftxs-ashes-all-set-to-relaunch/