John J. Ray III charged FTX $690k to be its CEO

John J. Ray III, FTX’s replacement CEO for Sam Bankman-Fried, told bankruptcy court today that he charged the troubled crypto exchange $690,000 for his first weeks on the job.

Ray Is an attorney previously known for leading the Enron recovery effort and has been heading FTX’s bankruptcy and its search for billions of dollars in assets owed to creditors.

Ray previously told the court he charges $1,300 an hour. That price breakdown indicates Ray worked 75 hours a week during his first months on the job.

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