Mr. John J Ray III, CEO of FTX and representative of the Chapter 11 Debtors in the U.S., made a statement on December 12th and 13th, 2022 in court filings, claiming that the Securities Commission of t...
Tag: ray
John Ray and Bahamas SC Clash Over Seized FTX Asset Value
The Bahamas Securities Commission issued a statement that criticized FTX CEO John Ray’s remarks on the value of seized FTX assets. It said that such remarks could impact the trustworthiness of institu...
John Ray III: FTX Is the Most Mismanaged Company I’ve Ever Seen
John Ray III is an attorney that’s been in the news a lot, lately. He’s the man who cleaned up the Enron mess close to 20 years ago, and now he’s been called in to fix the problems surrounding failed ...
Solana-based DEX Raydium exploited for $2.2M, RAY token drops 10%
Solana-based decentralized exchange Raydium has been exploited for $2.2 million. The attacker overtook the owner’s authority on the platform, according to the firm’s initial understanding. An exploit...
What Did New FTX CEO John Ray Tell Lawmakers?
New FTX CEO John Ray III called FTX collapse an “old-fashioned embezzlement,” at the hearing. The crypto exchange’s truth is coming out via investigations. What did the new CEO disclose? The new CEO ...
FTX’s new CEO John J. Ray making $1,300 an hour
John J. Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives to a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, on Tuesday...
FTX CEO Ray Says It’s Impossible To Recoup All Losses
Yesterday’s testimony hearing of new FTX CEO John Ray III to the U.S. House of Representatives Financial Services Committee brought to light some new findings that are not likely to please former cust...
CEO John J Ray Claims “Embezzlement” FTX Failure’s Root Cause
In an ongoing Congressional hearing, FTX’s newly appointed chief executive John J Ray III had a mouthful to talk about the FTX and its founder, Sam Bankman-Fried. He told the panel that SBF “should ha...
FTX CEO John Ray testimony before Congress, SBF denied bail
On Dec. 13 at 10 am ET, John J. Ray III, CEO of the FTX Group, sat as a witness on a hearing entitled “Investigating the collapse of FTX, Part I.” Sam Bankman-Fried was scheduled to attend the hearing...
FTX CEO John J. Ray III Testifies as Committee Grills for Answers
The CEO of FTX, John J. Ray III, testifies to the US House Committee on Financial Services. He claims $1 billion worth of assets are secured. After the collapse of FTX, Tuesday was another day filled...
FTX Did Its Invoicing, Expenses Over Slack and QuickBooks: New CEO John Ray
FTX employees did invoicing and expenses over Slack and used QuickBooks, consumer-level tax software, to handle its accounting, the company’s new CEO John Ray III said during Tuesday’s Hou...
Bahamian Regulator Accuses John Ray of ‘Misstatements’ Regarding FTX
The Securities Commission of the Bahamas has accused new FTX CEO John Ray of making “misstatements” in order to “advance questionable agendas” related to the exchange’s restructuring. Liquidatio...
FTX execs had ‘free rein’ over exchange, Alameda, CEO Ray says
Sam Bankman-Fried and his top lieutenants had “free rein” over failed crypto exchange FTX and its sister trading firm, Alameda Research, the new FTX CEO said in a congressional hearing. Testify...
FTX CEO John Ray blames collapse on ‘inexperienced and unsophisticated individuals’ in testimony following SBF arrest
FTX CEO John Ray III Dec. 13 testimony to the U.S. Congress revealed that the bankrupt exchange commingled assets and stored wallets’ private keys without encryption. According to Ray, FTX’s collapse ...
FTX CEO John J. Ray Blasts SBF Ahead Of Congressional Hearing
John J. Ray III, the official who is responsible for reorganizing the fallen cryptocurrency behemoth FTX informed lawmakers that the catastrophic collapse of the company was due to failings on the par...
FTX CEO Ray details firm’s lack of controls, sophistication under SBF in testimony to Congress
FTX CEO John Ray refuted Sam Bankman-Fried’s contention that FTX US has enough segregated funds on hand to re-open user withdrawals. The CEO laid out the core structural flaws that led to ...
Billionaire Ray Dalio warns stock market hasn’t priced in ‘very harmful’ Fed rate hikes
The stock market is not pricing in the possibility of the Federal Reserve raising interest rates to a “very harmful” level and could be in store for a sharp correction in 2023, according t...
Sam Bankman-Fried aims at new FTX CEO, John Ray
Former FTX boss Sam Bankman-Fried claims John Ray has shut him out of the happenings in FTX. SBF lashes out at new CEO The former FTX CEO has been on a media marathon since his company collapsed, talk...
Sam Bankman-Fried takes aim at FTX CEO John Ray in new interview
Sam Bankman-Fried is picking a fight with the new CEO of FTX, the crypto exchange he co-founded. The exiled former exchange boss claims FTX CEO John J. Ray III has been icing him out since he to...
The latest on FTX, John Ray III, and his attempts to pacify the ongoing outrage
On 28 November, bankrupt cryptocurrency exchange FTX announced that it will “resume conventional” cash payments, salaries, and benefits to its remaining staff members worldwide. The announcement was m...
FTX New CEO John Ray III Criticized by Bahamas Government
17 mins ago | 2 mins read Exchange News The battle to decide what to do with FTX’s assets has recently intensified. FTX filed for bankruptcy on November 11. The Bahamian government has criticized new ...
FTX Tensions Intensify as Bahamas Blasts Company’s New Chief Ray
(Bloomberg) — The Bahamian government blasted the person in charge of restructuring crypto exchange FTX, the latest salvo in an escalating fight over what remains of Sam Bankman-Fried’s crumbled...
Bitcoin on-chain data shows a ray of light in a dark market
The collapse of FTX might have wrecked the industry and wiped out billions from the market, but it does not seem to have shaken people’s convictions in Bitcoin. The fact that BTC has been struggling t...
Bridgewater’s Ray Dalio Sees Rough Road Ahead For Global Economy As Debt Bubble Deflates
Talking heads on financial cable TV channels seem downright giddy about the possibility that the Federal Reserve will soon be slowing its pace of rate hikes, but the founder of the world’s largest hed...
Most of FTX Subsidiaries Are Solvent, Claims John J. Ray II
FTX CEO Mr. John J. Ray, III releases a strategic review report on their global assets. After filing for Chapter 11 bankruptcy, FTX attempts to optimize reclaimable value for stakeholders. As per the...
FTX Isn’t Sure How Much Money It Has or How Many People It Employs: CEO John J. Ray
FTX doesn’t know exactly how much cash it has and still hasn’t produced a complete list of employees, according to a 30-page affidavit from FTX Group CEO John J. Ray on Thursday morning. But Ray has ...
FTX New CEO John Ray Reveals More Scandals In Court Filing
The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U.S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried ...
Ray Dalio, Founder of Hedge Fund Giant Bridgewater, Sees More Pain Ahead
Ray Dalio founded Bridgewater Associates in his Manhattan apartment in 1975 and grew it into a hedge fund colossus—with about $150 billion in assets—through astute analysis of macroeconomic trends. Al...
New FTX CEO Ray announces steps taken to staunch bleeding cashflow
The general counsel of FTX US, Ryne Miller, has released a statement from John J. Ray III, Chief Restructuring Officer and now-appointed CEO of FTX related to “unauthorized” access to FTX ...
Ray Dalio Sees More Pain Ahead in This Debt Cycle
Ray Dalio founded Bridgewater Associates in his Manhattan apartment in 1975 and grew it into a hedge fund colossus—with about $150 billion in assets—through astute analysis of macroeconomic trends. Al...
John Ray III Takes Over as CEO of Bankruptcy Filed FTX
John J. Ray III is registered for insider trading, according to a report from SEC. The once-dominant crypto exchange has fallen apart in the span of a week. Due to a severe lack of funds, cryptocurren...
New CEO John Ray III Announces Advising Firms
Beleaguered crypto exchange FTX’s new CEO John J. Ray III has announced consultant Alvarez & Marsal and law firm Sullivan and Cromwell as advisors for restructuring FTX. Ray said the Chapter 11 ba...