Who is FTX CEO John Ray III?

John J. Ray III (born January 1959) is an American attorney and CEO who specializes in recovering funds from failed corporations. He was appointed CEO of cryptocurrency exchange FTX in the aftermath of its November 2022 collapse.

Who is the new CEO of ftx?

UNIDENTIFIED NEWSCASTER #3: Its new CEO is John Ray III, who helped manage the notorious energy firm Enron after its collapse in an accounting fraud scandal in 2001. GURA: Investors in FTX have given Ray a lot of power to make big decisions, but he has his work cut out for him.

Why did FTX go bankrupt?

Bankruptcy specialist John Ray who took over as CEO when FTX filed for bankruptcy said the situation is ‘unprecedented’. New FTX CEO John Ray has said in a US court filing that there was flawed regulatory oversight and a lack of corporate control of the bankrupt crypto exchange founded by Sam Bankman-Fried.

Who is FTX's new chief executive Sam Bankman-fried?

Mr. Ray, 63, took over the collapsed cryptocurrency exchange FTX after its chief executive, Sam Bankman-Fried, resigned last month. Mr. Bankman-Fried was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges, and on Tuesday the Securities and Exchange Commission charged him with misleading big investors.