Bankrupt cryptocurrency exchange FTX wants to introduce a $4 million bonus program to deter employees with critical skills from quitting, according to court documents filed Tuesday.
FTX CEO John J. Ray III said bonuses of 17% to 94% would be in the best interest of the FTX Group, with a bonus plan capped at $4,027,204 for employees with key skills and knowledge, including programming such as Python, Rust, and Flutter language.
None of the company’s directors or officers, founder Sam Bankman-Fried and his family, or any employees deemed to have committed wrongdoing will receive any bonuses, the filing said.