FTX Resumes “Ordinary Course” Payments to Employees Worldwide

FTX will resume “ordinary course payments” of salary and benefits to employees worldwide and certain non-U.S. contractors. The announcement comes a week after FTX’s legal counsel filed a motion to pay compensation, benefits, and relief to its employees and vendors.

In the motion, FTX said that the company would not pay anything to Sam Bankman-Fried, Gary Wang, Nishad Singh, Caroline Ellison, or “any who have a familial relationship.”

“With the Court’s approval of our First Day motions and the work being done on global cash management, I am pleased that the FTX group is resuming ordinary course cash payments of salaries and benefits to our remaining employees around the world,” FTX CEO John J. Ray III said in a statement.

By Evey Lovelace

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