Ex-FTX CEO Sam Bankman-Fried and other ex-executives will not be paid.
New FTX CEO John Ray III will help FTX and its 101 related firms (FTX Debtors) traverse the U.S. Bankruptcy Court in Delaware.
FTX also makes cash payments to non-U.S. vendors and service providers, subject to bankruptcy court constraints.
Payments won't resume for all FTX subsidiaries and affiliates.
Stephen Earel said courts would take years, if not decades, to decide who owns what crypto assets and transfer it.