Crypto collapse: FTX launches review of assets and seeks court relief to pay key vendors

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By Leah Montebello Collapsed crypto exchange FTX said it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some of its businesses. FTX said the review of its global assets would “begin to maximize recoverable value for stakeholders”. The exchange and its affiliates filed for bankruptcy in Delaware last week, leaving an estimated one million customers and other investors facing total losses in the billions of dollars. In a filing this morning, the exchange, along with about 101 affiliated firms, have now sought court relief to allow the oper…

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