FTX US legal chief tells staff he’s working to preserve platform

2022/11/11 04:22

According to Bloomberg, 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. “Folks should prepare to make their own choices as appropriate for their personal situation on next steps,” he wrote. “FTX US looks prepared to make payroll at least in the next cycle.” 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 regulators of his instruction to founders to turn off functionality of both the US and global platforms.

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