John Ray, who took over as CEO of FTX before bankruptcy proceedings, reportedly set up a task force to consider the reopening of FTX.com.
According to a Jan. 19 report from the Wall Street Journal, John Ray saidEverything is “in consideration” when it comes to the future of FTX.com, including the possible path of a reboot. FTX Trading, doing business as FTX.com, is one of approximately 130 companies under the FTX Group thatfile bankruptcyIn Chapter 11 in November 2022
ay is considering reviving the crypto exchange as part of its efforts to help all users. On Jan. 17, it was reported that approximately $5.5 billion of liquid assets were in the investigation, with more than $3 billion owed to the top 50 creditors. Some stakeholders see exchanges as “Potential Business”
Ray reportedly enlisted the help of Wang and Caroline Ellison, former Alameda Research CEOs, to track down some of the company’s assets, while former CEO Bankman-Fried alleges he was pressured by law firm Sullivan & Crowell and FTX’s general counsel. US to appoint Ray as head of FTX before company goes bankrupt
“We don’t need to talk to him,” Ray said, referring to Bankman-Fried. “He never told us anything we didn’t know yet.”
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