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 trade.
The Wall Road Journal reports that Ray has arrange a activity drive to search out out if restarting the previous crypto behemoth could possibly be a greater different to promoting its property.
In his first interview since changing into FTX’s new boss, Ray says the corporate is contemplating all potential choices to retrieve funds. His assertion comes as some clients counsel that there could possibly be worth in resuming the operation of the trade.
“Every thing 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 steer FTX and spearhead its restructuring course of after the Bahamian trade filed for chapter in November.
FTX’s former CEO, Bankman-Fried, who’s underneath home arrest following his eight-count indictment, responded to the report saying that he seems 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 trade 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 reimbursement.”
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