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 Avenue Journal reports that Ray has arrange a activity drive to search out out if restarting the previous crypto behemoth might be a greater different to promoting its property.
In his first interview since turning into FTX’s new boss, Ray says the corporate is contemplating all doable choices to retrieve funds. His assertion comes as some clients counsel that there might 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 won’t 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 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 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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