FTX New CEO Announces Company’s Relaunch

The collapse of FTX in November provoked not only the fall of Bitcoin, but also the bankruptcy of many blockchain companies.

John Ray, who took over as CEO of FTX following the resignation of Sam Bankman-Fried, has said the exchange is considering options for restarting the business.

He has said that FTX’s assets were about $5.5 billion, of which more than $3 billion is due to be paid out to the exchange’s 50 top creditors.

According to him, representatives of his team discussed with several potential investors and consultants options for restoring the trading platform. However, no concrete decisions have yet been made.