Newly filed court documents suggest FTX CEO John J. Ray III is considering restarting the bankrupt exchange’s operations.
In April, Ray appeared to take part in multiple activities centered on an FTX reboot, according to a monthly compensation report filed with the U.S. Bankruptcy Court for the District of Delaware.
Those activities include descriptions like “Review 2.0 next steps summary from PWP (purchase with purchase),” “Review next steps and comment on FTX restart,” “Review and finalize 2.0 reboot of exchange material for distribution,” and “Review and comment on 2.0 bidder list,” among others.
Trending: Dozens Of Children Go Missing In Cleveland In Just Two Weeks In Disturbing Trend
The report also indicates Ray spent an hour and a half reviewing a work plan “for exchange fortification” from cyber security firm Sygnia.
All in all, the CEO reported working 223.2 hours
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!