Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»FTX fires three of its top executives – WSJ
Finance

FTX fires three of its top executives – WSJ

November 20, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Nov 18 (Reuters) – Cryptocurrency trade FTX, which just lately filed for U.S. chapter courtroom safety, has fired three of its prime executives, together with co-founder Gary Wang, the Wall Avenue Journal reported on Friday, citing an FTX spokeswoman.

The opposite fired executives had been engineering director Nishad Singh and Caroline Ellison, who ran FTX’s buying and selling arm Alameda Analysis, the newspaper stated.

FTX didn’t instantly reply to a request from Reuters for remark.

The crypto trade filed for chapter safety final week and former Wall Avenue dealer Sam Bankman-Fried resigned as chief govt after the rival trade Binance walked away from a proposed acquisition. learn extra

The U.S. chapter proceedings contain a number of FTX group corporations with greater than 100,000, and presumably over 1 million, collectors.

Based on interviews with a number of individuals near Bankman-Fried and firm communications not beforehand reported, the corporate had been secretly taking dangers with buyer funds to prop up a buying and selling agency owned by Bankman-Fried, which led to the corporate’s collapse. learn extra

The corporate had come beneath some regulatory oversight by the handfuls of licenses it picked up by way of its many acquisitions. However that didn’t defend its clients and buyers, who now face losses totaling billions of {dollars}.

A number of crypto companies have since been bracing for the fallout from the FTX collapse, with many counting their publicity in thousands and thousands to the beleaguered trade.

Reporting by Akanksha Khushi in Bengaluru; Enhancing by William Mallard, Rovert Birsel

: .

Source link

executives fires FTX top WSJ
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Wall Street rises on hopes for trade deals that could forestall a recession

May 9, 2025

AMC Entertainment posts lower revenue over decrease in theater attendance

May 9, 2025

Bumble reassures investors as first-quarter revenue meets expectations

May 9, 2025

Federal Reserve Keeps Key Interest Rate Unchanged

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Wall Street rises on hopes for trade deals that could forestall a recession

May 9, 2025

‘Black day for us’: Indiranagar residents cry foul over groundbreaking ceremony of new stadium at Victory Ground | Bangalore News

May 9, 2025

‘As of date, we would like their morale to be kept high’: Supreme Court pauses release of women Army officers | India News

May 9, 2025

‘I saw Parveen Babi going mad in front of my eyes’: Shabana Azmi recalls co-star’s declining mental health; know what early signs look like | Lifestyle News

May 9, 2025
Popular Post

Vote for YSRCP to continue welfare schemes, Jagan tells people | Latest News India

Liam Gallagher Employs Big Money Lawyer in NYC Child Cash Battle

Mamata doesn’t mince words in key meet chaired by Amit Shah, holds one-on-one on sidelines

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.