{"id":1077274,"date":"2022-11-18T02:49:36","date_gmt":"2022-11-18T07:49:36","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1077274"},"modified":"2022-11-18T02:49:36","modified_gmt":"2022-11-18T07:49:36","slug":"ftxs-new-ceo-files-for-an-explosive-bankcruptcy","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1077274","title":{"rendered":"FTX\u2019s New CEO Files For An Explosive Bankcruptcy"},"content":{"rendered":"<div><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"150\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2022\/11\/Petition-to-File-for-Bankruptcy-300x150-1.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"Petition to File for Bankruptcy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p>FTX\u2019s new CEO John J. Ray said in an explosive Chapter 11 filing on Thursday that he has never seen a company in as bad a shape as FTX in 40 years of dealing with bankruptcies.<\/p>\n<p>FTX\u2019s 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.<\/p>\n<div class=\"schema-post-type-header \">\n<div class=\"title-header\">\n<h2> Why did one of the world\u2019s biggest cryptocurrency exchanges just collapse? | Molly White <\/h2>\n<\/p><\/div>\n<div class=\"img-holder\">\n\t\t<img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2022\/11\/3500.jpg\" alt=\"\" \/>\n\t<\/div>\n<div class=\"meta-holder\">\n<p>FTX was supposed to be the future \u2013 a safe, reliable and innovative way to trade digital currency. Instead it has unleashed a financial meltdown<\/p>\n<p>\t\t<a target=\"_blank\" class=\"read-more\" href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/nov\/14\/why-did-one-of-the-worlds-biggest-cryptocurrency-exchanges-just-collapse\" rel=\"nofollow noopener\">Continue reading on <span>the Guardian<\/span> <\/a>\n\t<\/div>\n<\/div>\n<p><\/p>\n<div class=\"schema-post-type-header \">\n<div class=\"title-header\">\n<h2> FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy: Filing <\/h2>\n<\/p><\/div>\n<div class=\"img-holder\">\n\t\t<img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2022\/11\/107105760-1660823108882-gettyimages-1242563881-FTX_BANKMAN-FRIED.jpe\" alt=\"\" \/>\n\t<\/div>\n<div class=\"meta-holder\">\n<p>FTX lawyers said Bahamian regulators directed Sam Bankman-Fried to transfer digital assets to the custody of the Bahamian government.<\/p>\n<p>\t\t<a target=\"_blank\" class=\"read-more\" href=\"https:\/\/www.cnbc.com\/2022\/11\/17\/ftx-suggests-sam-bankman-fried-transferred-assets-to-bahamas-government-custody-after-bankruptcy-filing.html\" rel=\"nofollow noopener\">Continue reading on <span>CNBC<\/span> <\/a>\n\t<\/div>\n<\/div>\n<p><\/p>\n<div class=\"schema-post-type-header \">\n<div class=\"title-header\">\n<h2> Sam Bankman-Fried tries to explain himself <\/h2>\n<\/p><\/div>\n<div class=\"img-holder\">\n\t\t<img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2022\/11\/1232818175.jpg\" alt=\"\" \/>\n\t<\/div>\n<div class=\"meta-holder\">\n<p>The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.<\/p>\n<p>\t\t<a target=\"_blank\" class=\"read-more\" href=\"https:\/\/www.vox.com\/future-perfect\/23462333\/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy\" rel=\"nofollow noopener\">Continue reading on <span>Vox<\/span> <\/a>\n\t<\/div>\n<\/div>\n<p><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: TG Daily &#8211; <a href=\"https:\/\/tgdaily.com\/news\/ftxs-new-ceo-files-for-an-explosive-bankcruptcy\/\" target=\"_blank\" rel=\"noopener\">FTX\u2019s New CEO Files For An Explosive Bankcruptcy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX\u2019s new CEO John J. Ray said in an explosive Chapter 11 filing on Thursday that he has never seen a company in as bad a shape as FTX in 40 years of dealing with bankruptcies. FTX\u2019s bankruptcy filing, a &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1077274\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1077275,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[108,110],"tags":[109],"class_list":["post-1077274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tg-daily","category-unfiltered-rss","tag-tg-daily"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1077274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1077274"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1077274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1077275"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1077274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1077274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1077274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}