December 1, 2022

New FTX chief says crypto group will pursue reorganisation

New FTX chief says crypto group will pursue reorganisation

New FTX chief says crypto group will pursue reorganisation

Collapsed crypto change FTX will try and promote or reorganise its companies, its new chief government mentioned on Saturday as the corporate ready to seem earlier than a US chapter court docket.

“Based mostly on our evaluate over the previous week, we’re happy to be taught that many regulated or licensed subsidiaries of FTX, inside and out of doors of america, have solvent steadiness sheets, accountable administration and useful franchises,” mentioned John Ray III.

Ray changed FTX founder Sam Bankman-Fried…

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