FTX has begun a review of its global assets as part of the crypto exchange’s Chapter 11 bankruptcy protection proceedings with New York-based financial services firm Perella Weinberg Partners L.P. (PWP) engaged as its lead investment bank.
The PWP engagement is subject to approval by the court, FTX said in a statement today. If approved, PWP will spearhead the asset review of FTX.com and 101 affiliated companies, together considered to be the FTX debtors in the proceedings. This asset review could ultimately lead to the reorganization or sale of certain business interests held by FTX and its affiliated companies.
(By Osato Avan-Nomayo)