FTX Starts Global Asset Review as Part of Chapter 11 Process (2)

FTX Trading Ltd. started a review of its global assets as a part of the failed cryptocurrency exchange’s bankruptcy process, and hired Perella Weinberg Partners LP 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 Officer John J. Ray III said in a statement on Saturday.

Crypto Exchanges Struggle to Convince Customers They’re Safe

Among those with the ...