FTX Terminates Its Top Three Executives
November 19, 2022
As per the WSJ reports, FTX has fired its top 3 executives which includes Gary Wang, the co-founder of the company.
Other terminated executives are Nishad Singh, engineering director and Caroline Ellison, who ran FTX's trading arm Alameda Research.
FTX filed for bankruptcy last week after SBF resigned from his CEO position.
Five new independent directors were also appointed for each of its major businesses as bankruptcy proceedings begins.
Since FTX filed for bankruptcy, regulators from several different countries have come after the crypto firm and SBF.
After FTX collapsed, the Crypto market tumbled and has a very tough week.
FTT plunges from $22 to $1.45