BUSINESS

FTX's New CEO Helped Bolster Enron Victims' Recovery

FTX Trading's new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange's restructuring, previously oversaw the $23 billion bankruptcy of energy firm Enron Corp and has a reputation for boosting creditor recoveries.

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Sam Bankman-Fried, co-founder of cryptocurrency platform FTX, has long been a vocal advocate for smoother access to the crypto market for the general public, particularly in the United States

Further Details Emerge On FTX Bankruptcy And Missing Funds

Further details on the bankruptcy of crypto exchange FTX emerged on Saturday, even as peers and partners distanced themselves from the firm and sources told Reuters at least a billion dollars of customer funds on the exchange had vanished.
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