FTX’s new CEO, John J. Ray III, told the Wall Street Journal that he is looking into the possibility of reviving the bankrupt cryptocurrency exchange, which collapsed in November and left a trail of devastation in the cryptocurrency market. The news was published by the newspaper on Thursday (19).
The CEO, who previously handled Enron’s restructuring, said that despite accusations of criminal conduct falling on former FTX CEO Sam Bankman-Frie, as well as other executives, clients have praised the company’s technology, and said it could be worth reviving the company. Mediation.
“It’s all on the table,” Ray told the newspaper. “If there is a way forward, we will not only explore it, but we will.”
FTT Token, FTX’s native, surged 33% on Binance following the news.
In the interview, Ray took the opportunity to say that the comments Bankman-Fried had made to the media and elsewhere were pointless.
Bankman-Fried had said that FTX did not need to file for bankruptcy and criticized Ray’s decisions.
Continue after the announcement
“We don’t need to have a dialogue with him,” said the new CEO. “He didn’t tell us anything I didn’t already know.”
In a text message to the newspaper, Bankman-Fried replied that “This is a surprisingly shocking comment from someone pretending to care about customers.”