Robert Lei, who succeeded as chief executive of FTX, a login password trading center, recounted some of the company's own experiences after the company declared bankruptcy.

When testifying in the FTX case in the Delaware Foreign bankruptcy Court on February 6th, Ray indicated that he and other professionals had been conducting a "careful" investigation and analysis of his FTX activities because FTX did not have a physical line company office. The FTX chief executive appeared to be hitting back at a motion to require specific individual inspectors to resolve bankruptcy cases, claiming that "inadvertent inaccuracies" could lead to the destruction of "hundreds of millions of dollars of their value".

According to Lei, when he manipulated FTX in November 2022, there was "no separate breakdown of anything else" related to bank accounts, earnings, commercial insurance or staff, resulting in a "massive competition for information". The FTX chief executive said he helped file a Chapter 11 bankruptcy filing on the same day and made several attempts to steal the login password, causing security experts and liquidators to act quickly to secure assets.

Ray said: "your normal first day of resistance will be more deranged, this is my unprecedented personal experience." "this kind of hacking basically went through the whole night [.] This is really 48 hours, and I can only describe it as pure purgatory.

The FTX CEO claimed that he had no contact with the former management of the exchange before taking control of the company, including Alameda Research CEO Caroline Ellison, FTX founder Gamo Wang and former CEO Rob Bankman-Fried or his family. According to Ray, anyone who manipulates influence under Bankman-Fried does not have all the rights to specifically direct the actions of FTX companies.

Lei's testimony was made at the time of a clear motion made by the office of the entrusted company abroad, which held that the court should act as a separate inspector who would publish a public report to clarify the bankruptcy liquidation proceedings. It means that Juliet Saxony in the office of a foreign trustee makes it clear that although Ray had no contact with Bankman-Fried before taking over as chief executive, it is still in the public interest to be an inspector.

The presiding judge, Robert Dorsey, did not decide at the hearing on February 6th whether to act as a separate inspector, but to allow their mentors to explore a "consensus solution" on the issue.

FTX's bankruptcy liquidation proceedings are under way, and borrowers and stakeholders have made a clear motion to settle the company's property to investigate the company and publish information on criminal cases that may affect Bankman-Fry. This means that the legal and regulatory team of FTX debtors required a court subpoena to be sent to Bankman-Fry 's immediate blood relatives on February 1st, requiring the provision of information and documentation.