FTX's new CEO John Ray stressed in an employee all hands that the firm is not in communication with former CEO Sam Bankman-Fried.
The executive stressed that Sam Bankman-Fried and other members of his inner circle are no longer involved in the firm’s day-to-day operations.
The call between Ray and FTX and FTX.US employees provided few specifics on how the bankruptcy process was unfolding, but the restructuring expert tried to ease anxious employees by noting that"things will relax a bit."
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