Cryptocurrency

John Ray Says Reviving FTX is on the Desk: Report

The appearing Chief Government Officer of FTX, John J. Ray III, who’s in control of ensuring that the collectors of the bankrupt alternate obtain as a lot compensation as doable, mentioned that the platform would possibly restart.

  • In an interview with The Wall Road Journal, John J. Ray III mentioned that restarting the alternate is on the desk.

All the pieces is on the desk. If there’s a path ahead on that, then we is not going to solely discover that, we’ll do it.

  • FTX filed for Chapter again in November 2022, utilizing Chapter 11.
  • Mr. Ray additional clarified that he will likely be wanting into whether or not restarting the worldwide alternate would recuperate extra worth for the corporate’s collectors than his group may probably get from merely liquidating the belongings or promoting your entire factor.

There are stakeholders we’re working with who’ve recognized what they see as a viable enterprise.

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