Reuters: FTX launches strategic review, seeks court relief to pay critical vendors

Reuters: FTX launches strategic review, seeks court relief to pay critical vendors. “FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors.The exchange and its affiliates filed for bankruptcy in Delaware on Nov. 11 in one of the highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.”

Leave a Reply

%d bloggers like this: