Sat 11/19/2022 08:35 AM
In a press release
early this morning FTX announced that it has begun “a strategic review of their global assets to begin to maximize recoverable value for stakeholders” and confirmed Reorg’s reporting
that PWP has been engaged by the company. FTX has “commenced preparation of certain businesses for sale or reorganization
,” according to the release (emphasis added). The FTX Group debtors’ first day hearing before Judge John T. Dorsey of the US Bankruptcy Court for the District of Delaware...
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