Bloomberg Law
Nov. 11, 2022, 1:03 AM

FTX US Legal Chief Tells Staff He’s Working to Preserve Platform

Yueqi Yang
Yueqi Yang
Bloomberg News

FTX US general counsel Ryne Miller said in an internal memo he’s working with advisers to preserve “whatever is preservable” of the crypto exchange.

“We should not be optimistic for an outcome that is positive,” Miller wrote. “I’m working with outside advisers to be best prepared to navigate FTX entities to next steps.”

Miller’s message was sent to staff on a Slack channel Wednesday night and later deleted by a member of the founding team, according to a person familiar with the matter. The general counsel said he hasn’t received much clear information from the founders, and has advised US ...

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