The new FTX CEO shared his thoughts on the idea of maintaining transparency on the platform proposed by the former FTX CEO. John J. Ray III, the new FTX CEO, was aware of the FTX situation from the past week and decided to make certain changes on the online platforms to avoid transparency. He wants to change the old system introduced by Sam Bankman-Fried.
John J. Ray III took over the position of FTX CEO on November 11 2022. Following FTX’s bankruptcy filings, Sam Bankman-Fried resigned as CEO. Ray tweeted by saying that “Mr. Bankman-Fried has no ongoing role at FTX, FTX US, or Alameda Research Ltd. and does not speak on their behalf.”
FTX, дүйнөдөгү экинчи ири крипто exchange platform, valued at $32 billion (USD), was facing severe losses. The United States Securities and Exchange Commission (SEC) has started an investigation on how FTX manages the users’ funds and its crypto lending activities. Now the regulators are examining whether FTX maintained securities laws by keeping users’ крипто assets separate or whether it traded against the users.
Жакында эле FTX инвесторлорунун бири Кевин О'Лири жана америкалык белгилүү жазуучу Жим Крамер FTXдин мурдагы башкы директору жөнүндө мактап, аны "Уоррен Баффет" деп аташкан. крипто.” Kiyosaki, on the other hand, rejected Kevin’s perception of Sam Bankman Fried, claiming that Bankman was more akin to an American fraudster like Bernie Madoff, who was involved in one of the largest ponzi schemes. Out of all the investors, Sequoia and Paradigm have decided to mark their investments down to zero.
The recent alliance between FTX and Visa has come to an end. As FTX is facing Chapter 11 bankruptcy filings, Visa Inc. decided to end their relationship. In October 2022, the two large entities made an agreement to provide Visa debit cards to FTX users across 40 countries.
The professional esports organizations based in the United States have announced the termination of their relationship with FTX. “After monitoring the evolving situation and discussing internally, we are suspending our partnership with the FTX effect immediately. FTX branding will no longer appear on any of our organizations.”
Учурда бразилиялык крипто advocates are arguing with the lawmakers to give final approval to the bill, which was recently released by the Senate. “The rules that currently exist have not been applicable to some players, so they can do whatever you want…the upcoming law would change a lot.”
Source: https://www.thecoinrepublic.com/2022/11/17/the-new-ftx-ceo-wants-to-stay-away-from-sam-bankman-fried-ideas/