FTX Trading has started a review of its global assets as part of the failed cryptocurrency exchange's bankruptcy process and hired global financial service firm Perella Weinberg Partners to help with the potential sale of any viable units.
"Based on our review over the past week, we are pleased to learn that many regulated or licensed subsidiaries of FTX, within and outside of the US, have solvent balance sheets, responsible management and valuable franchises," FTX Group's new chief executive John Ray III said.
The FTX companies, known as FTX Debtors, have engaged Perella Weinberg Partners as lead investment bank and started preparing some assets for sale or reorganization,.
Its Japan unit has started developing a system that will enable customers to withdraw funds, Asahi newspaper reported Saturday, citing executive Seth Melamed.
The Wall Street Journal, citing a spokeswoman late Friday, said FTX fired three top deputies of former chief executive Sam Bankman-Fried: FTX cofounder and chief technology officer Gary Wang, engineering director Nishad Singh and Caroline Ellison, who ran Alameda Research.
The newspaper had previously reported that the executives were aware of the decision to send clients' money to trading firm Alameda.
FTX Arena that is home to Miami Heat hoopers.
