24. September 2023

Month: May 2023

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,” and “Review security work plan from Sygnia.” All of these tasks were billed for a total of 223.2 hours, with a corresponding fee of $290,160. The filing comes months after FTX filed for bankruptcy in February due to the criminal charges facing former CEO Sam Bankman-Fried. Bankman-Fried faces several charges of fraud and illegal political donations totaling over $1 million if convicted, which could result in more than 100 years of prison time. For now, it appears that Ray is taking the lead in restarting FTX’s operations, though the specifics and timeline of the reboot remain unclear. With a successful reboot, FTX could once again become a major player in the cryptocurrency trading space.

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• FTX CEO John J. Ray III is considering restarting the exchange’s operations according to a new court filing. • Ray reportedly worked 223.2 hours …