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.
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
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »