tldr; FTX co-founder and former CEO Sam Bankman-Fried ran the failed cryptocurrency exchange as his “personal fiefdom” and many of its assets have disappeared, an FTX lawyer said. “A substantial amount of assets have either been stolen or are missing,” the lawyer added. FTX now owes its top 50 creditors over $3.1 billion, according to a bankruptcy court filing.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I’ve seen this article posted about 5 times now
It’s like we’re right there with him
tldr; FTX co-founder and former CEO Sam Bankman-Fried ran the failed cryptocurrency exchange as his “personal fiefdom” and many of its assets have disappeared, an FTX lawyer said. “A substantial amount of assets have either been stolen or are missing,” the lawyer added. FTX now owes its top 50 creditors over $3.1 billion, according to a bankruptcy court filing.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Also as a personal goblin harem.
They do that because they have no punishment
To be fair, don’t most CEOs run it like a personal fiefdom?
He is sorry thought and promise do better next time.. like a 5 year old kid who does something wrong.
Hmmmmm.