John J. Ray III, the chapter lawyer who changed Sam Bankman-Fried as FTX CEO, is reportedly contemplating the thought of rebooting the beleaguered crypto alternate.
The Wall Avenue Journal stories that Ray has arrange a process drive to seek out out if restarting the previous crypto behemoth could possibly be a greater different to promoting its belongings.
In his first interview since changing into FTX’s new boss, Ray says the corporate is contemplating all doable choices to retrieve funds. His assertion comes as some clients recommend that there could possibly be worth in resuming the operation of the alternate.
“All the things 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.”
Ray was appointed to guide FTX and spearhead its restructuring course of after the Bahamian alternate filed for chapter in November.
FTX’s former CEO, Bankman-Fried, who’s beneath home arrest following his eight-count indictment, responded to the report saying that he appears ahead to Ray declaring that the US arm of FTX has sufficient liquidity to return clients’ cash.
“I’m glad Mr. Ray is lastly paying lip service to turning the alternate again on after months of squashing such efforts!
I’m nonetheless ready for him to lastly admit FTX US is solvent and provides clients their a refund.”
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