They even called in the big guns... SBF's daddy.
was so stuck in the mud about saving the exchange that people near him were spinning their wheels trying to get him to do the right thing and step down as CEO., a trove of leaked internal messages among FTX's inner sanctum reveal that those around SBF were so frazzled by his reaction to the collapse that — among other schemes — they even reached out to his dad to see if he could help assuage his son's initial post-crash delusion.
SBF's Hail Mary was, as the leaked messages reveal, the increasingly far fetched idea of securing additional outside investment amid the crash. He has claimed repeatedly, even after FTX filed for bankruptcy, that he'd been in contact with investors to save the company, and as recently as last week told his former colleagues that "potential interest in billions of dollars of funding came in roughly eight minutes after I signed the Chapter 11 docs.
Bankman-Fried, who had previously seemed to dodge Dexter's questions about stepping down, appeared to only decide to hire Ray after talking to lawyers, and finally made the decision to do so around four the next morning amid a series of dodged and frenzied messages fromShortly thereafter, FTX filed for bankruptcy, the report notes, but SBF nevertheless continued to try to lobby investors even though he was no longer in control of the firm.
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‘I never opened the code for FTX’: SBF has long, candid talk with vloggerSam Bankman-Fried, ex-CEO of bankrupt cryptocurrency exchange FTX, spoke at length to a little-known vlogger about the current state of his former enterprises.
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Disgraced FTX founder Sam Bankman-Fried ghosted his legal team over bankruptcy: reportHours before the FTX bankruptcy, an attorney was reportedly still begging SBF to sign the papers.
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Messages Show How Bankman-Fried Tried to Hold on as FTX ImplodedIn one Slack message concerning mistakes in the company’s bankruptcy filing, top FTX lawyer Ryne Miller also reportedly criticized Bankman-Fried’s lack of cooperation as the crisis mounted.
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Kevin O'Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed – Exchanges Bitcoin NewsKevin O'Leary tried to save crypto exchange FTX before it collapsed. He and former FTX CEO Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors. cryptocurrency SEC
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Bitcoin tops $17,000 for the first time in two weeks but analysts don't expect the bounce to stickInvestor confidence in cryptocurrencies has been hammered after FTX collapsed, sending shockwaves through the entire industry.
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Singapore's Temasek holds internal review of $275 mln FTX-related lossSingapore's Deputy Prime Minister Lawrence Wong said on Wednesday that Temasek Holdings [RIC:RIC:TEM.UL] has initiated an internal review of its investment in the now-bankrupt FTX crypto exchange, which resulted in a write-down of $275 million.
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