Read the explosive bankruptcy filing where FTX's new CEO called out Sam Bankman-Fried
FTX's new CEO John J. Ray said in an explosive Chapter 11 filing on Thursday that he's never seen a company in as bad a shape as FTX in 40 years of dealing with bankruptcies.
The bankruptcy filing, a first day declaration, is a document in which advisors for the bankrupt company lay out their story of what happened leading up to the chapter 11 filing.on November 11, and former CEO Sam Bankman-Fried stepped down the same day. Bankman-Fried's trading firm Alameda Research and about 130 affiliated companies have also filed for bankruptcy.
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