Sam Bankman-Fried Usa business regulation Fraud FTX Bankruptcy Sam Bankman-Fried Usa

Bankrupt crypto exchange FTX begins strategic review of global assets

Reading now: 957

As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets.

The review is an attempt to maximize recoverable value for stakeholders. FTX, at the time led by CEO Sam Bankman-Fried (SBF), filed for Chapter 11 bankruptcy on Nov.

11 after being caught misappropriating user funds. The bankruptcy filing sought to cushion the losses of stakeholders connected to FTX and affiliated companies, a.k.a FTX debtors.1/ Sharing a Press Release issued early today - FTX launches strategic review of its global assets.

Text below (and link). debtors are in talks with financial services firm Perella Weinberg Partners for various sale or reorganization attempts.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News