FTX CEO: Will Engage Professional Agents to Recover Debts from Global Customers

Following the U.S. Court's approval of FTX's bankruptcy plan of reorganization on October 8, FTX CEO and Chief Restructuring Officer John J. Ray III said that the Court's confirmation of FTX's plan of reorganization is a significant milestone, and that FTX will be distributing cash to its customers and creditors, and that it is at this stage in the process of recovering billions of dollars through the rebuilding of FTX's books from the ground up and from the marshaling of assets from around the world. Efforts are underway to finalize a plan of arrangement for the distribution of funds to creditors in more than 200 jurisdictions around the world, and agreements are being developed to engage professional agents to collect debts from customers around the world. (Prnewswire)