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TechFlow news — FTX CEO Ray said the company will be restructured with the assistance of Alvarez, Sullivan & Cromwell, according to Reuters.
Additionally, Ray stated that filing for bankruptcy protection under Chapter 11 is a necessary step in formulating the next course of action.Original link
FTX CEO Ray said the company will restructure with the assistance of Alvarez, Sullivan & Cromwell. Additionally, Ray stated that filing for Chapter 11 bankruptcy protection is a necessary step in formulating the next plan.
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