Bankrupt FTX has launched a strategic review of all its assets to see how they can be recovered for maximum value for its stakeholders’ benefit.
A Nov. 19 דריקן סטאַטעמענט from the bankrupt crypto exchange said the strategic review would be for FTX Trading Ltd, known as FTX.com, and the over 100 companies affiliated מיט דעם.
Some FTX Affiliates Have a Solvent Balance Sheet
According to the press release, many of the regulated and licensed subsidiaries of FTX, both inside and outside the US, like LedgerX LLC and Embed Clearing LLC, have “solvent balance sheets, responsible management, and valuable franchises.”
This is good news as it allows the company to consider sales, strategic transactions, and recapitalization of these subsidiaries.
FTX CEO, John שטראַל III, said:
"איך האָבן געלערנט די מאַנשאַפֿט אין די FTX דעבטאָרס צו פּרייאָראַטייז די פּרעזערוויישאַן פון פראַנטשייז ווערט ווי בעסטער מיר קענען אין די שווער צושטאנדן."
To go ahead with the assets review, the bankrupt exchange has submitted motions before the bankruptcy court. It is asking for an interim relief that will allow the operation of a global cash management system and allow the company to pay critical vendors.
FTX Hacker is Dumping ETH
Meanwhile, on-chain דאַטע shows that the global asset review might be missing a few million as the FTX hacker dumps עטהערעום פאַרמעגן.
Source: https://beincrypto.com/ftx-launches-strategic-review-of-assets-as-hacker-dumps-eth/