Nov 15 (Reuters) - FTX Trading's new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange's restructuring, previously oversaw the $23 billion bankruptcy of energy firm Enron Corp and has a reputation for boosting creditor recoveries.
Ray, 63, on Monday declined to comment on his initial priorities as FTX's CEO.
Serving as Enron's CEO throughout its years-long bankruptcy, Ray's work resulted in major settlements with banks accused of helping Enron deceive investors, including a $1.66 billion settlement with Citigroup in 2008.
Mark Lichtenstein, an attorney who worked on Enron's bankruptcy, saw many parallels between FTX and that case.
"You’ve got such a meltdown, similar to Enron, sort of a run on the bank," Lichtenstein said.