New FTX chief says crypto group will pursue reorganisation or sale

Fallen cryptocurrency exchang, FTX's new CEO, the company will endeavor to sell or reorganize its companies.

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Ray took Sam Bankman-place Fried's as CEO, who had founded FTX, When a number of the group's subsidiaries sought bankruptcy protection

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It took place as a result of the company's inability to process customer withdrawal requests totaling billions of dollars.

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We will prioritize looking for sales and recapitalizations in the upcoming weeks.

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FTX requested the bankruptcy court's approval to pay outside vendors, which it claimed was necessary to maintain operations.

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Software developers and businesses that offer crypto asset security and storage are some of these.

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Voyager Digital and Celsius Holdings, two further well-known bitcoin businesses, have declared bankruptcy this year.

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