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According to WSJ, FTX has fired its top three executives, including Gary Wang, the co-founder.
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Other terminated executives include Nishad Singh (engineering director) and Caroline Ellison (who ran FTX’s trading arm Alameda Research).
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FTX filed for bankruptcy last week following the resignation of SBF from his CEO post.
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As bankruptcy proceedings began, five independent directors were appointed to each significant business.
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Since FTX filed for bankruptcy, regulators in several countries have pursued the crypto firm and SBF.
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The Crypto market plunged after FTX collapsed. This week has been very difficult for the crypto market.
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FTT dives from $22 to $1.45 during the collapse. Let's see what happens in near future.
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