The collapse of FTX wiped out $32 billion in valuation in less than a day.
One executive said he threw up after learning that the company was short billions of dollars to pay back customers.
Many former employees have had to relocate after seeing their lifestyles in the Bahamas fall apart.
Ryne Miller, general counsel of FTX's US-based arm, wrote in a message to staff that he didn't think anyone's questions were being answered. I think we should be better off given the circumstances.
Sam Bankman-Fried's net worth was wiped out in less than 24 hours.
Bankman- Fried has a lot of questions to answer now that the dust has settled. His exact location is still being investigated.
In an interview with The New York Times, the disgraced former billionaire said that he has been getting plenty of sleep and that it could be worse.
Bankman-Fried's grievous miscalculations were hard to take. According to the WSJ's sources, the co-CEO of the exchange became sick and vomited.
Since their income was tied up with their own personal FTX accounts, withdrawing funds became impossible.
Nathaniel Whittemore, a former FTX marketing specialist, told the WSJ that he thought of rage and white-hot anger when he left the company.
The inner circle of Bankman-Fried is trying to help him get the funds to repay his customers. His shattered reputation and the scale of his previous operation could make it hard for him to win.
FTX's collapse leaves employees sick with anger.
The man says he is doing fine after losing billions of dollars.
All Rights Reserved © 2024
