Most of FTX Subsidiaries Are Resuming Salaries and Benefits to Global Employees

FTX Trading and approximately 101 other affiliated companies (collectively referred to as FTX debtors) said most of their subsidiaries are resuming wage and benefit payments to global employees and some non-U.S. contractor and service provider employees. John J. Ray III, CEO of FTX, said, "With the court's approval of our first-day motion and work on global cash management, I am pleased that FTX Group is returning to the normal process of paying salaries and benefits to the remaining employees around the world. Cash payments to selected non-U.S. suppliers and service providers as necessary to maintain business operations, subject to restrictions approved by the bankruptcy court.”