FTX's new CEO John Ray talks about the 'massive scramble' to get information following the company's bankruptcy filing.
John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy.
According to Ray, when he took control of FTX in November 2022, there was “not a single list of anything” related to bank accounts, income, insurance or personnel, causing a “massive scramble for information.” The FTX CEO said the same day he helped file a Chapter 11 bankruptcy petition, and there, resulting in security experts and liquidators moving quickly to secure funds.
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