Tuesday, 22 November 2022

FTX Bankruptcy Hearing: Sam Bankman-Fried Ran Crypto Firm as 'Personal Fiefdom', Assets Missing, Attorneys Say

FTX CEO Sam Bankman-Fried ran the crypto firm as a "personal fiefdom", argued attorneys for the collapsed crypto exchange said in its first bankruptcy hearing on Tuesday. The firm's lawyers said that the company now intends to sell off healthy business units, but has been the subject of cyberattacks and had "substantial" assets missing.

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