1 year ago
The wide counsel of FTX US, Ryne Miller, has released a connection from John J. Ray III, Chief Restructuring Officer and now-appointed CEO of FTX related to “unauthorized” entree to FTX funds.
1/ Statement from John Ray, Chief Restructuring Officer and CEO of @FTX_Official — Consistent with their obligations arsenic Chapter 11 Debtors-in-Possession, FTX US and FTX [dot] com proceed to marque each effort to unafraid each assets, wherever located.
— Ryne Miller (@_Ryne_Miller) November 12, 2022
Ray’s connection highlights the continued efforts to guarantee each assets are secured “wherever located” and explains that the squad is present “in the process of removing trading and withdrawal functionality.”
Digital assets identified are to beryllium recovered and moved to a “new acold wallet custodian.” Ray besides confirms the reports connected “unauthorized entree to definite assets,” stating that this has so occurred.
2/ Among different things, we are successful the process of removing trading and withdrawal functionality and moving arsenic galore integer assets arsenic tin beryllium identified to a caller acold wallet custodian. As wide reported, unauthorized entree to definite assets has occurred.
— Ryne Miller (@_Ryne_Miller) November 12, 2022
The adjacent steps described successful Ray’s connection item that “an progressive information reappraisal and mitigation workout was initiated instantly successful response.”
“We person been successful interaction with, and are coordinating with instrumentality enforcement and applicable regulators.”
Having antecedently handled the liquidation of Enron Corp — a humanities and world-renowned bankruptcy lawsuit – Ray was called successful to instrumentality implicit FTX connected Friday evening.
The station John Ray announces steps taken to staunch FTX’s bleeding cashflow appeared archetypal connected CryptoSlate.
English (US) 