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Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal

May 23, 2023

Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring strategies.” FTX’s Revival Prospects Surface as New CEO Explores Reboot Plans and Bidder List The current CEO and main restructuring…
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FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns

February 7, 2023

Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between…
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