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Lawyers Detail the ‘Abrupt and Difficult’ Collapse of FTX in First Bankruptcy Hearing

FTX’s lawyers say former CEO Sam Bankman-Fried ran the exchange like his own “personal fiefdom,” allowing executives to use customer funds to purchase luxury real estate.

Updated Nov 23, 2022, 6:41 p.m. Published Nov 22, 2022, 5:14 p.m.
(Leon Neal/Getty Images)
(Leon Neal/Getty Images)