CNN CNN Newsroom June 4, 2024 19:21:00
To venture investments and for lorens to his slim and other ftx executives. all the while he continued to make misleading statement about the financial condition and about its risk management. even in november 2022, faced with billions in customer withdrawal requests that ftx could not fulfill, he misled investors from which he sought more money to plug the holes he had created. his braising multiyear scheme finally came to an end when the tangled web of affiliates filed for bankruptcy on november 11, 2022. that collapse has had far-reaching consequences for ftx customers, for its investors, a...