the company was working with law enforcement and regulators to mitigate the problems and making "every effort" to secure assets.
Ray is no stranger to high-profile restructurings and is perhaps best known for his work on Enron, which filed for bankruptcy in 2001 amid revelations of widespread accounting fraud and corruption. "You’ve got such a meltdown, similar to Enron, sort of a run on the bank," Lichtenstein said. "He had the calm and the gravitas to step into a firestorm."
“previously oversaw the $23 billion bankruptcy of energy firm Enron and has a reputation for boosting creditor recoveries” Enron had actual assets. FTX does not.
When Enron failed everyone said never again. Ooops! That FTX fails, tells many people like myself, who never cared about Cryptocurrency, that we were right. How do you trust a method of payment that was developed on the Dark net to pay nefarious people for their services?