Bankman-Fried Has Resigned as CEO of FTX

Sam Bankman-Fried’s crypto empire filed for Chapter 11 bankruptcy in Delaware. Bankman-Fried resigned as chief executive officer as part of the filings, and John J. Ray III was appointed to replace him, the statement said. Sonali Basak report on “Bloomberg The Open.”

Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en

Like this video? Subscribe to Bloomberg Technology on YouTube:
https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg
Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here:

Get the latest in tech from Silicon Valley and around the world here:
https://www.bloomberg.com/technology
Connect with us on…
Twitter: https://twitter.com/technology
Facebook: https://www.facebook.com/BloombergTechnology
Instagram: https://www.instagram.com/bloombergbusiness/