FTX launches strategic review, seeks court relief to pay critical vendors
Source: Reuters
Nov 19 (Reuters) - Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses.FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors.The exchange and its affiliates filed for bankruptcy in…
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