FTX announced the launch of a strategic review of its global assets to maximize recoverable value for stakeholders. FTX debtors have hired Perella Weinberg Partners LP (PWP) as lead investment banker and have begun preparations to sell or restructure certain businesses. John J. Ray, III, FTX's new CEO, stated that based on reviews over the past week, it has learned that many of FTX's regulated or licensed subsidiaries, both inside and outside the United States, have solvent balance sheets, responsible management and effective value franchise, the priority in the coming weeks will be to explore sales, recapitalizations or other strategic transactions related to these subsidiaries and others identified. FTX debtors filed multiple motions in bankruptcy court today seeking interim relief from the court, with a hearing scheduled for November 22, 2022.