FTX Trading and approximately 101 other affiliated companies (collectively, FTX Debtors) announce that the U.S. Bankruptcy Court has asked the federal court in the state of Delaware to grant approval in connection with the Chapter 11 bankruptcy filing of FTX Debtors on November 11, 2022. Provisional and final approval of all Day One motions. John J. Ray III, FTX's new CEO and Chief Restructuring Officer, said, "Following the Court's approval of the 'Day One' motion, we are moving as quickly as possible to advance our work to maximize value for all FTX stakeholders. We will continue to work hard Implement the necessary controls and secure and organize the company's assets. As we review the business, we have begun to receive interest in our assets from potential buyers and we will undertake an orderly process to restructure or sell FTX around the world assets for the benefit of stakeholders.”