Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency trading platform.
FTX CEO John J. Ray III Explores Reviving the Fallen Crypto Exchange
The new FTX CEO and chief restructuring officer (CRO), John J. Ray III, conducted his first interview since the company filed for bankruptcy protection on Nov. 11, 2022. Ray told the Wall Street Journal (WSJ) that there may be value in restarting the crypto exchange and stressed that “everything is on the table.” Ray’s interview followed a recent press release and presentation by the bankruptcy team and FTX debtors, which were published to inform the committee of unsecured creditors.
“If there is a path forward on [rebooting FTX], then
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