SBF Speaks Out Giving Victims Money Back As John J. Ray III Explores Restarting FTX

Key Points:

• Mr Ray said that he has set up a task force to explore restarting FTX.com, the company’s main international exchange.
• Sam Bankman-Fried (SBF) has published a new tweet, saying that he is glad to hear Ray turning the exchange back on and waits for the admittance of FTX US being solvent to give customers their money back.

On January 20, the former CEO of the now-collapsed exchange FTX (SBF) expressed a sense of supportiveness after The Wall Street Journal reported the new leader – John J. Ray III said he has set up a task force to explore restarting FTX.com.

As WSJ reported, FTX‘s new CEO, John J. Ray III, said he is looking into the prospect of restarting the bankrupt crypto exchange while working to restore money to the failing company’s clients and creditors. Mr Ray said that he has set up a task force to explore restarting FTX.com, the company’s main international exchange.

Everything is on the table, if there is a path forward on that, then we will not only explore that, we’ll do it.

Mr. Ray said

Ray will also investigate if restoring FTX’s international exchange would recover more value for the company’s consumers than liquidating assets or selling the platform, according to the article.

Following the interview of John J. Ray III, the former CEO of FTX has published a new tweet, saying that he is glad to hear Ray turning the exchange back on after months. He then said still waiting for the admittance of FTX US being solvent to give customers their money back.

Ray and Bankman-Fried are in conflict over the bankruptcy filing of the exchange. Bankman-Fried has stated that FTX’s filing for Chapter 11 bankruptcy protection was a mistake, and he has criticized Ray’s handling of the situation. Ray called Bankman-remarks Fried’s unhelpful and self-serving.

We don’t need to be dialoguing with him, he hasn’t told us anything that I don’t already know.

Ray said in the interview

Subsequently, Mr Bankman-Fried responded in a text message to the WSJ saying that the comment was shocking and damning from someone pretending to care about customers.

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