Tags: John Ray

FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership

Under New Leadership, FTX Recoups $7 Billion Amid Recovery Efforts

FTX Recovers $7.3 Billion in Assets, Considers Rebooting Exchange in Q2 This Year

Three other wallets linked to FTX and Alameda sent $188.5 million in stablecoins to crypto exchanges on Tuesday.

FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case.

So far, $2.2 billion in assets have been identified in the wallets of accounts associated with FTX.com, of which only $694 million are in the most liquid assets.

John J. Ray III replaced former CEO Sam Bankman-Fried at the bankrupt crypto exchange.

John J. Ray III made the comment in his first interview since taking over FTX in November.