Abandoned FTX relaunch raises alarm over legal team's profits

Ancient SECOND official John Reed Rigid describe THE FTX reorganization plan as A "Highway flight of Highway thieves. »

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Ancient United States Securities And Exchange Commission (SECOND) official John Reed Rigid has suggested that THE FTX restructuring plan could be A path For THE legal team has profit Since THE bankruptcy process.

In A job on social media platform X, Rigid said all FTX clients should receive A sarcastic "Thank You" note Since THE deceased Exchanges legal team, given THE substantial profits he do during bankruptcy procedure. Rigid Also sarcastically joked that each legal team member could be able has allow A new beach House In 2024.

During A Jan. 31 audience In THE WE. Bankruptcy Court For THE District of Delaware, FTX lawyer Andy Dietderich of Sullivan & Cromwell clarified that, despite extensive efforts, there were No plans has relaunch FTX – known as FTX 2.0 — In THE Chapter 11 bankruptcy frame.

FTX Go Chapter 7 — And FTX Bankruptcy Lawyers Are Probably Title has THE Beach In 2024

THE FTX bankruptcy the team lawyers should send thank You Remarks has all FTX clients. For what? Because THANKS has THE FTX clients, each member of THE FTX legal bankruptcy team can NOW probably… pic.twitter.com/P89w5tS54y

— John Reed Rigid (@JohnReedStark) FEBRUARY 3, 2024

Rigid said he had foreseen that THE Chapter 11 FTX reorganization plan was unlikely has succeed. He compared restructuring FTX has trying has reorganize A combination of "Murder Incorporated, THE Cali Medicine Cartel And Madoff Investment Advisory Services."

Lawyers And THE rest...