Tag: CEO

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over – Bitcoin News

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Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency trading platform. FTX CEO John J. Ray III Explores Reviving the Fallen Crypto Exchange The new FTX CEO and chief restructuring officer (CRO), John J. Ray III, conducted his first interview since the company filed…

FTX CEO says he is exploring rebooting the exchange: Report

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John Ray, who took over as CEO of cryptocurrency exchange FTX prior to bankruptcy proceedings, has reportedly set up a task force to consider restarting FTX.com. According to a Jan. 19 report from the Wall Street Journal, Ray said everything was “on the table” when it came to the future of FTX.com, including a potential path forward with rebooting the exchange. FTX Trading, doing business as FTX.com, was one of roughly 130 companies under FTX Group that filed for Chapter 11 bankruptcy in November 2022. Ray reportedly was considering reviving…

Expect better blockchain games in 2023, says Animoca Brands CEO

The celebrated union between blockchain and gaming has encountered several hurdles that have left many wondering if the new sector of crypto and gaming will ever live up to its potential.  In the fifth episode of the Hashing It Out podcast, Cointelegraph’s Elisha Owusu Akyaw and Animoca Brands CEO, Robby Yung, discuss how the blockchain gaming industry is striving forward regardless of the challenges. Robby Yung believes that there are issues on both sides. Regarding blockchain developers, Yung argues that the industry has not been able to educate the masses…

ConsenSys to Lay Off 97 People, CEO Joseph Lubin Praises DeFi over CeFi

The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish. In the latest development, blockchain engineering firm ConsenSys CEO Joseph Lubin announced that the company will be cutting 97 jobs this year. This comes as some of the biggest tech giants are laying off employees amid an uncertain macro environment. In his latest blog post, Lubin wrote: “Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to…

FTX CEO fights to keep lawyers as calls for removal intensify

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The CEO of crypto exchange FTX has rejected calls for its law firm Sullivan & Cromwell to be replaced as lead counsel in its bankruptcy case.  John J. Ray III, who was appointed as the new FTX CEO on Nov. 11, filed a court motion on Jan. 17, arguing that Sullivan & Cromwell has been integral in taking control over the “dumpster fire” that was handed to him. Ray suggested that retaining their services is in the best interest of FTX creditors, arguing: “The advisors are not the villains in…

ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over ‘Ridiculous’ CeFi

“We’re keeping the company strong; we didn’t cut into muscle,” Lubin said in an interview with CoinDesk. “We sort of right-sized support functions, some customer support, some internal team support, because there’s just less activity in our ecosystem right now. I expect we’ll get back to doing quite significant and surging business in the not too distant future.” Source

Former President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread – Bitcoin News

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The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel Securities. In the Twitter thread, the former president of the U.S. subsidiary explained that his “relationship with Sam Bankman-Fried and his deputies had reached a point of total deterioration, after months of disputes over management practices at FTX.” Brett…

Bitmex Co-Founder Criticizes Former FTX CEO for Not Liquidating Hedge Fund Alameda – Bitcoin News

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The Bitmex co-founder, Arthur Hayes, criticized Sam Bankman-Fried, the disgraced FTX co-founder, on Friday after Bankman-Fried published his first blog post on his new Substack newsletter. “All this talk about what Alameda did is misdirection,” Hayes insisted. “It doesn’t matter how they hedged or didn’t hedge, or what dogsh** was in their portfolio.” Bitmex Co-Founder Accuses Former FTX CEO of Avoiding Transparency Arthur Hayes, co-founder of the cryptocurrency derivatives platform Bitmex, criticized Sam Bankman-Fried, former CEO of FTX, following a recent blog post. In the blog post, Bankman-Fried said “Alameda…