Bankrupt FTX Considers Selling Its Assets

Published by
The Street

By Luc Olinga Liquidator of bankrupt cryptocurrency exchange hires outside counsel to review firm’s assets. John Ray, the new CEO of fallen cryptocurrency exchange FTX, is wasting no time. Eight days after being named head of the restructuring of Sam Bankman-Fried’s empire, he is moving forward to liquidate the group’s assets. Ray, who served as the liquidator of insolvent energy brokerage Enron, has just announced that he has hired an outside counsel to review FTX’s assets and decide how to proceed. The goal is to sell certain assets with the approval of the judges. “The FTX debtors have enga…

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