apparently you don’t understand that CEO John Ray was appointed by the court as CEO AFTER the bankruptcy of FTX was filed in order to oversee the dissolution of the company, discover any remaining assets (if any) and distribute any of said discovered assets to the various creditors ... John Ray had zero to do with FTX prior to bankruptcy ...
John Ray did an admirable job in a similar role after Enron went bankrupt, recovering 54 cents of the dollar for the creditors ...
however, in the case of FTX, almost all of the “billions” of assets were phony and it would appear that the little bit of assets that were real were essentially stolen from retail clients plus 3rd party loans backed by fraudulent collateral, with the whole lot gambled away in a desperate effort to keep their worthless proprietary crypto FTT (and others) from crashing back to their true value, namely zero ...
“”apparently you don’t understand that CEO John Ray was appointed by the court as CEO””
Sorry about that but I can’t understand anything that I haven’t heard or read....
My later post was a link STATING that he was a NEW CEO...that was news to me. As I said, it would have helped IF C Span had mentioned that in their coverage!