New FTX CEO John Ray is making $1,300 an hour to clean up Sam Bankman-Fried's collapsed crypto empire

Dec 14 2022 by Business Insider

 
John Ray, the new CEO of FTX

Nathan Howard / Stringer

New FTX CEO John Ray is making $1,300 an hour to oversee the firm's bankruptcy, according to filings. The restructuring exec reportedly billed 156 hours in a two-month span in a previous bankruptcy case, raking in $120,582.  Ray accused the defunct exchange of "old-fashioned embezzlement" in his congressional testimony.

FTX's new chief executive officer John Ray is making $1,300 an hour working on the bankruptcy and restructuring of the...

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