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In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion. Ray III was appointed as the new CEO. Last month, a U.S.
Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. Press Release: Clarification on Certain Entities Not Included in Chapter 11 Filings. million pre-seed round announced this February, had less than 1% equity in the startup.
He walks through how algorithmic transparency, encrypted DMs, and, yes, even content moderation, has been a recurring theme in Twitter’s present — and will certainly shape its next chapter. FTX founder Sam Bankman-Fried has been arrested in the Bahamas. How much money should you raise for your startup? Seen on TechCrunch.
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