FTX’s SAM Bankman-Fried Calls Who give firmness to new CEO ‘HIS BIGGEST’S EXECUTION – Details
SAM Bankman-Fried, Fector and Cryptocurrency Exchange NOW, Tagged Decision to Guard Fitness from the New Leader at the time of the Saga’s “large mistake.” According to one who was the Crypto’s previous chieftain, this abyssed him from rescue the company in the last minute.
‘I can have FNX cache from extinction’ – SBF
In the recent conversation with American income, mother of Jones, Bankman – fried with shared understanding of days before and after the fall of $ 32 Billion FTX Exchange. According to one who was the greatest EXECUTIVE, giving a company in the CEO of the John J. Ray III ‘is his largest mistake.’
SBF has been searching for a discussion that, after minutes of paper, it received a phone call about the external investment that may have saved FTX Exchange from the 11th Credit Chapter. However, withdrawing his signature to new stewards of stewards where the offer comes in, the Bankman-fried.
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According to an interview, SBF and Ray are invited to Congress by the rep. Maxine water (D-CALIF.
The Bankman-Fried was locked up subsequently in January 2023, where he faced criminal cases related to customer currency (approximately $ 8 billion) and FTX Exchange. Now, the former FTX leader is currently serving for the 25-year sentence in prison, which is found guilty of seven widos charge.
Sullivan & Cromwell’s role in the new CEO CEO
The conversation revealed the company to lead the Sullivan & Cromwell Act (S & C), using the lawyer Andrew Diaterich, raised Ray’s appointment as an officer in the bangan-fried. SBF has called “the greatest pressure” appeared to the S & C employees from CASAs in CASA workers with FTX to feed on the new administration.
Interestingly, the ray is equipped with a decline and employed by Sullivan & Cromell to oversee the process after controlling the company. This traveling arises for interest disagreements, because many believe that the legal company is called the FTX’s immorality and falls at the end of its past legal matters.
In June 2024, S & C announced $ 171.8 million from the money received by the legal fees from the Condition of Completion. At that time, FTX Estate began to pay owed out of 2025, and the total amount of $ 7.8 billion is dissolved since September 30.
The total crypto market cap on the daily timeframe | Source: TOTAL chart on TradingView
Picture included from Forbes, Chart from TradingView Sell
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