The new FTX boss says that the crypto group will strive for a reorganization or a sale

The collapsed crypto exchange FTX will try to sell or reorganize your business, said your new CEO on Saturday, when the company was preparing to appear before a US bankruptcy court.

"Based on our review last week, we are pleased to find out that many regulated or licensed subsidiaries from FTX within and outside of the United States have solid balance sheets, responsible management and valuable franchises," said John Ray III.

ray replaced the FTX founder Sam Bankman-Fried as Chief Executive, as dozens of the subsidiaries of the group on November 11, applied for bankruptcy protection after the company was unable to fulfill payout applications from customers at billions in billions.

ftx later said that it believes that it has more than a million creditors. It should appear on Tuesday at a first hearing before the insolvency court in Delaware.

"[I] In the coming weeks it will be our priority to check sales, recapitals or other strategic transactions regarding these subsidiaries," said Ray.

The court asked

ftx to allow him to treat the names and identities of his creditors confidentially, and argued that FTX had no traditional creditors and that the disclosure of its customers would harm the company to be damaged by the competitive.

"The public distribution of the debtor's customer list could give the debtor's competitor an unfair advantage to contact and wast up these customers," said FTX.

ftx applied for the bankruptcy of the bankruptcy court to pay external providers, which in his opinion were essential to maintain his company while trying to reorganize itself. These include software providers and companies that offer security and storage of crypto-assets. FTX initially asked the court to approve seller payments of $ 9 million.

In a separate submission, FTX asked the court to approved a new cash management system. It said that cash stocks of $ 565 million confirmed, but since it was only able to check the balances for 144 of its 216 known bank accounts, "the total amount of the cash is not yet known [s]".

ftx announced that the company Perella Weinberg has signed partners as an investment banker to work with the lawyers of Sullivan & Cromwell and the advisors of Alvarez & Marsal.

ray named two US subsidiaries from FTX, Embed Clearing and Ledgerx, as well as units in Japan, Turkey and the United Arab Emirates as attractive assets. The FTX's US branch bought embed clearing in June, a broker technology and infrastructure provider. The LedGerx company acquired a US derivative platform last October.

In a court file on Thursday, Ray described the chaos in detail at the FTX based on the Bahamas and described a "complete failure of corporate controls and.. A complete lack of trustworthy financial information".

Two other prominent cryptocurrency companies have filed for bankruptcy this year, Voyager Digital and Celsius Holdings. Like FTX, both tried to reorganize or sell instead of immediately striving for liquidation. Voyager had signed a contract to sell FTX, but given the current problems of FTX, it is unlikely that this will come about.

ray promised to pursue allegations for misconduct against Bankman-Fried and other managers.

The bankruptcy judge John Dorsey is asked to intervene in a argumenting argument between Ray and the Bahamas.

The island state has tried to keep FTX's jurisdiction digitally, an FTX subsidiary that is not one of the companies that have registered bankruptcy in Delaware. FTX Digital is about a liquidation process on the Bahamas.

In a court file at the beginning of this week,

ftx wrote that "credible evidence is that the Bahama government is responsible for directing unauthorized access to the debtors' systems in order to obtain digital assets of the debtors - which after the start of this [Bankruptcy]."

In a declaration published on Thursday, the Bahamas Securities Commission said that on November 12th “it took the measure to lead the transfer of all digital assets from FTX Digital Markets LTD to a digital wallet controlled by the Commission for safe storage”.