The plan was ruled out despite rumors that FTX 2.0 could be restarted. FTX CEO John J. Ray III said in June 2022 that the company had begun soliciting parties interested in restarting the FTX.com exchange and could rebrand. However, FTX lawyer Andrew Dietderich told the judge at a hearing in January 2024 that the restart plan was put on hold after failing to find investors willing to put in the money.