Enron’s Liquidator to Oversee FTX’s Massive Crypto Bankruptcy
- John J. Ray helped return $20 billion to Enron creditors
- FTX collapsed into bankruptcy protection on Friday in Delaware
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When Sam Bankman-Fried’s empire collapsed into bankruptcy on Friday, the onetime crypto wunderkind handed the reins to the man who oversaw the unwinding of Enron Corp.
John J. Ray III is now the Chief Executive Officer of FTX Trading Ltd. and a host of related entities, court papers show. Ray, a restructuring expert, oversaw the liquidation of Enron Corp. and weighty settlements that followed its accounting scandal.