FTX Resumes Post-Bankruptcy Payments To Employees Excluding SBF and Others

FTX announced today that it would 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 SBF, 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. We recognize the hardship imposed by the temporary interruption in these payments and thank all of our valuable employees and partners for their support." FTX CEO John J. Ray III said in a statement.