Home > MARKETS > Breaking news > Breaking: New FTX CEO John J. Ray III Is Planning To Restart The Failed Crypto Exchange

Breaking: New FTX CEO John J. Ray III Is Planning To Restart The Failed Crypto Exchange

As per the latest reports, the new FTX CEO John J. Ray III, is currently planning about restarting the derailed crypto exchange.

Robert J. Ray III, who has just taken over as chief executive of FTX, has made it clear that he is dealing with the possibility of reopening a reopened digital currency exchange, even though he has been trying to repay money owed to core customers and creditors. Ray used to undertake a happy reorganization, he said: "if there is a way forward, then we will not only explore, people want to do it."

Robert J. Ray III said FTX is likely to restart.

In his first interview since taking over FTX last November, Lei said he had set up a special research group to investigate the probability of reissuing FTX.com, an important international exchange for the company's operations. Although senior FTX officials were accused of committing crimes, many customers praised the company's technology and said it was likely to be helpful to restart the site, he said.

The report quoted the new CEO of FTX as saying:

Everything is on the table. We are working with a number of stakeholders and have identified business processes that they consider feasible.

For additional information, please refer to:Take a look at the most popular data encryption channel program in 2023.

Ray strongly criticized in SBF.

Ray and Rob Bankman-Fried, the founder of FTX, seem unable to agree on whether the exchange should declare bankruptcy in 2022. SBF made it clear that FTX's search for maintenance under Chapter 11 of the Company Law was an embarrassing determination, and singled out and criticized Ray for its handling of such matters. Ray also said that Bankman-Fried's words "do not help, self-centered."

In addition, Thunder claimed that they "don't have to talk to him" because she didn't mention everything the elite team didn't know. Earlier last week, Ray&Team found $5 billion in capital and liquid digital currency, which the CEO called a "great diligence" to solve corporate fiscal and tax problems.

As things stand, the price of FTX's original digital currency, FTT, is currently $2.41. According to CoinGape's login password sales market tracking, this represents a 30 per cent increase in the past hour, compared with a 68 per cent increase in the past seven times.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

VIDEO

NEWS

Tue, 18 Apr 2023

More