Regarding Mr. Bankman-Fried Case, FTX Trading’s new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange’s restructuring, officially stated that:
Sam Bankman-Fried no longer has an ongoing role at the company and does not speak on their behalf
The new CEO also restates that Sam Bankamn-Fried has completely given up all the positions from FTX_Official, FTX US, Alameda Research Ltd. and subsidiaries after accepting responsibility for the crisis at the exchange and seeing his $16 billion fortune vanish.
John J Ray is no stranger to high-profile restructurings and is well-known for his work at Enron. After the company had been under his leadership, $20 billion was returned to the energy company’s creditors. He has also been the administrator in many other prominent bankruptcy cases like Nortel Networks and Overseas Shipholding Group.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
CoinCu News
Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…
Phantom iOS users are warned that a recent app update caused some users to log…
Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…
The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…
Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…
If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…
This website uses cookies.