In a recent disclosure of the CEO’s legal billings, FTX CEO John J. Ray III has confirmed the existence of plans for FTX 2.0, the next iteration of the cryptocurrency exchange. The disclosed legal billings, totaling $290,190.39, shed light on the ongoing efforts by Ray and his team to recover funds and rebuild the collapsed exchange.
John J. Ray III, an esteemed American attorney with expertise in recovering funds from failed corporations, was appointed as the CEO of FTX following the exchange’s collapse in November 2022. Since then, Ray has been diligently working to chart a course for the future of FTX, aiming to restore its former glory and ensure a more stable and secure platform for its users.
The announcement of FTX 2.0 plans had an immediate impact on the market, particularly on the FTX exchange native token, FTT. The news caused a significant surge in FTT’s value, with the token pumping nearly 24% at its peak.
While the…
