FTX Bankruptcy A ‘Shock’, Says Ousted CEO Sam Bankman-Fried

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The Street

By Martin Baccardax “I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week,” said Sam Bankman-Fried. Sam Bankman-Fried, the former CEO of FTX, said Friday he was “shocked” at the way his crypto trading empire unraveled this week and hoped the Chapter 11 bankruptcy filing can “find a way” for the company to recover. FTX, Alameda Research and more than 100 other named subsidiaries filed for Chapter 11 protection in Delaware Friday, listing assets and liabilities of between $10 billion and $50 billion. Bankman-Fried, who founded the gr…

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