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Most of FTX Subsidiaires Are Solvent, Claims FTX New CEO

FTX CEO Mr. John J. Ray, III releases a strategic review report on their global assets.  FTX CEO expressed his joy and highlighted most of FTX’s regulated or licensed subsidiaries both inside and outside of the US, have solvent balance sheets, responsible management, and valuable franchises. He also mentioned two of the FTX subsidiaries company naming LedgerX LLC and Embed Clearing LLC are not debtors in chapter 11 cases.

FTX new CEO also highlighted the list of insolvent subsidiaries which are FTX Japan KK, Quoine Pte. Ltd, FTX Turkey Teknoloji Ve Ticaret A.Ş., FTX EU Ltd, FTX Exchange FZE, and Zubr Exchange Ltd. Other subsidiaries – such as FTX Japan KK, Quoine Pte. Ltd, FTX Turkey Teknoloji Ve Ticaret A.Ş., FTX EU Ltd, FTX Exchange FZE and Zubr Exchange Ltd – are debtors. 

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