On 28 November, bankrupt cryptocurrency exchange FTX announced that it will “resume conventional” cash payments, salaries, and benefits to its remaining staff members worldwide. The announcement was made by John Ray III, the newly appointed CEO of FTX. The insolvency expert worked to assist FTX and its 101 related entities (FTX debtors) as they navigate […]
On 28 November, bankrupt cryptocurrency exchange FTX announced that it will “resume conventional” cash payments, salaries, and benefits to its remaining staff members worldwide.The insolvency expert worked to assist FTX and its 101 related entities as they navigate the U.S. Bankruptcy Court in Delaware.
Additionally, according to Ray, the company made these payments to maintain business operations—within the Bankruptcy Court’s approved limits. Sharing our press release just issued: FTX Resumes Ordinary Course Payments of Employees and Certain Foreign Contractors
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