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    FTX Bankruptcy Filing 11/17/22

    Uploaded by

    Steven Tweedie
    The document is a declaration by John J. Ray III in support of FTX Trading Ltd. and its affiliates filing for Chapter 11 bankruptcy. Ray discusses his experience overseeing large corporate b…
    Full description

    FTX Bankruptcy Filing 11/17/22

    Uploaded by

    Steven Tweedie
    30K views30 pages
    The document is a declaration by John J. Ray III in support of FTX Trading Ltd. and its affiliates filing for Chapter 11 bankruptcy. Ray discusses his experience overseeing large corporate bankruptcies. He describes finding a complete lack of corporate controls and trustworthy financial information at FTX. Ray identifies four main business units ("Silos") of FTX and provides an overview of the corporate structure. He notes the objectives of the bankruptcy proceedings are to implement controls, protect and recover assets, provide transparency through investigations, efficiently coordinate international proceedings, and maximize value for stakeholders.

    Original Description:

    DECLARATION OF JOHN J. RAY III IN SUPPORT OF CHAPTER 11 PETITIONS AND FIRST DAY PLEADINGS

    Original Title

    FTX bankruptcy filing 11/17/22

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    30K views30 pages

    FTX Bankruptcy Filing 11/17/22

    Uploaded by

    Steven Tweedie
    The document is a declaration by John J. Ray III in support of FTX Trading Ltd. and its affiliates filing for Chapter 11 bankruptcy. Ray discusses his experience overseeing large corporate b…
    Full description
    Download as pdf or txt
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