Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses.
The logo of FTX is seen on a flag at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco Bello/File Photoon Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses.
FTX will explore sales, recapitalisations or other strategic transactions for some of its units, the company's new Chief Executive officer John Ray said in a statement. The exchange said that if it fails to receive the requested court relief, it will result in "immediate and irreparable harm" to its businesses.
FTX has identified 216 debtor bank accounts with positive balances as of Nov. 16, but has only been able to verify the balances in 144 accounts so far, the company said in a separate court filing.
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