News Formal

Read the FTX bankruptcy filing where new CEO blasts SBF

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business Business Headlines News

Read the explosive bankruptcy filing where FTX's new CEO called out Sam Bankman-Fried

FTX's new CEO John J. Ray said in an explosive Chapter 11 filing on Thursday that he's never seen a company in as bad a shape as FTX in 40 years of dealing with bankruptcies.

The bankruptcy filing, a first day declaration, is a document in which advisors for the bankrupt company lay out their story of what happened leading up to the chapter 11 filing.on November 11, and former CEO Sam Bankman-Fried stepped down the same day. Bankman-Fried's trading firm Alameda Research and about 130 affiliated companies have also filed for bankruptcy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sam Brinkman Fried. 2nd Biggest Donor to Democrats behind George Soros & his FTX Received Investment $$$ From Ukraine. .. The Next Person To Be Suicided... Probably will be a Fentanyl Overdose

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paradigm co-founder feels 'deep regret' investing in SBF and FTXThe collapse of FTX has prompted some in the crypto community to question whether investment firms such as Paradigm did enough due diligence on the firm. $FTT posted one of the highest returns among the largest coins yesterday at 14.3% I bet he does regret it. I feel soooo bad for VCs 🤣
Source: Cointelegraph - 🏆 562. / 51 Read more »