- FTX CEO John Ray III has been reviewing plans to reboot the bankrupt crypto exchange.
- Ray spent several hours last month finalizing the material related to the exchange’s reboot for distribution to investors.
- A recent court filing revealed that there is a bidder list that likely contains investors interested in FTX 2.0.
- The bankrupt exchange’s native token FTT surged by over 16% following the latest developments.
Sam Bankman-Fried’s defunct crypto exchange is likely going to be restarted by its new management under the leadership of current CEO John Ray III. A recent court filing of a monthly staffing report and compensation for Ray for the month of April 2023 revealed that the Chief Executive has been working on a reboot plan called FTX 2.0 to make the bankrupt exchange operational again.
FTX CEO Billed $290k For His Services In April 2023
According to a filing made earlier today with the U.S. Bankruptcy Court for the District of Delaware, John Ray III charged FTX’s bankruptcy estate more than $290,000 for his services. While the majority of his services pertained to day-to-day administrative and legal work, a few activities mentioned in the filing revealed that the CEO had been working on the FTX 2.0 reboot plan.