ALTWOW LOGO ALTWOW LOGO
  • HOME
  • PR
  • ALTCOINS
  • AIRDROP
  • DEFI
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Exchange News
    • ICO News
    • Mining News
    • Regulations News
  • EXCHANGE
  • CASINO
  • MORE
    • Advertising
    • ICO
    • Web Hosting
    • Affiliate Program
    • Wallet
    • Apps
    • BOTS
    • Cards
    • MINING
Reading: FTX will launch a global asset strategy review
Share
Ad image
Altwow Blogging WowAltwow Blogging Wow
Font ResizerAa
  • ABOUT
  • TOS
  • Cookie Policy
  • Comment Policy
  • Disclaimer
  • Privacy Policy
  • Advertisement
  • Submit Guest Post
  • Sitemap
Search
  • HOME
  • PR
  • ALTCOINS
  • AIRDROP
  • DEFI
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Exchange News
    • ICO News
    • Mining News
    • Regulations News
  • EXCHANGE
  • CASINO
  • MORE
    • Advertising
    • ICO
    • Web Hosting
    • Affiliate Program
    • Wallet
    • Apps
    • BOTS
    • Cards
    • MINING
Have an existing account? Sign In
Follow US

Home - FTX will launch a global asset strategy review

Crypto News

FTX will launch a global asset strategy review

Guptix John
Last updated: 11/02/2023 8:36 pm
Guptix John
Published: 19/11/2022
Share
FTX will launch a global asset
SHARE

FTX, the bankrupt world’s second largest cryptocurrency exchange, issued a statement earlier (11/19) , announcing that in response to the Chapter 11 bankruptcy process, it will initiate a “strategic review of global assets” in order to maximize recoverability asset information.

According to the FTX bankruptcy court documents , due to previous serious gaps in FTX’s chaotic financial accounting records, FTX Trading Ltd. (FTX.com) and its subsidiaries have been unable to collect a complete “foreign supplier list” and corresponding claims amount.

For this reason, the new FTX CEO John Ray III finally announced good news, saying:

“Based on our review over the past week, we are pleased to learn that many of FTX’s regulated or licensed subsidiaries, both inside and outside the United States, have solvent balance sheets, responsible management and valuable franchises. Franchise”

- Advertisement -

It said that the priority of the next few weeks is to explore the relevant information of FTX’s subsidiaries all over the world, so as to determine the details of other subsidiaries’ related sales, capital restructuring, or other strategic transactions:

“Some subsidiaries — such as LedgerX LLC and Embed Clearing LLC — are not debtors in Chapter 11 bankruptcy cases.

Other subsidiaries such as FTX Japan KK, Quoine Pte. Ltd, FTX Turkey Teknoloji Ve Ticaret A.Ş, FTX EU Ltd, FTX Exchange FZE and Zubr Exchange Ltd are all outsiders. “

Ray stated that he has instructed the FTX debtor team to give priority to retaining the value of the “franchise (license)” under today’s difficult circumstances, and expects all employees, cooperative companies, customers, government agencies and government stakeholders to wait patiently for this Team’s review:

“Because of FTX’s corporate governance failures, which previously prevented us from making pre-arrangements before filing for Chapter 11 bankruptcy

Share This Article
Facebook Email Print
10 Best Aggregators for Bridging Privacy Coins
10 Best Aggregators for Bridging Privacy Coins
ALTCOINS
10 Top Bridging Aggregators With The Best Ui
10 Top Bridging Aggregators With The Best Ui
ALTCOINS
10 Community-run Bridging Aggregator For Local Altcoins
10 Best Community-run Bridging Aggregator For Local Altcoins
ALTCOINS
10 Best Bridging Aggregators for Polkadot And Ethereum
10 Best Bridging Aggregators for Polkadot And Ethereum
ALTCOINS
ALTWOW LOGO

Altwow.com is your reliable source for the latest crypto news, exchange reviews, and blockchain insights. We provide accurate information on DeFi projects, trading platforms, and digital assets to help investors stay ahead in the fast-moving world of cryptocurrency.

[mc4wp_form]

Qucik Menu

  • ABOUT
  • TOS
  • Cookie Policy
  • Comment Policy
  • Disclaimer
  • Privacy Policy
  • Advertisement
  • Submit Guest Post
  • Sitemap

Quick Link

© ICURE Network. ICURE Design Company. All Rights Reserved.

Follow US on Socials

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?