‘No Amounts’ Will Be Paid to SBF or His Inner Circle

Former FTX CEO Sam Bankman-Fried was right about one thing: He and his inner circle won’t see any more money from the company.

FTX spelled out in a court filing over the weekend that neither Bankman-Fried nor the three recently fired members of his inner circle (nor their family members) will see any compensation from the now-bankrupt company.

The way Bankman-Fried put it on November 10, the day before FTX filed for bankruptcy and he resigned as CEO, making users whole comes first. “After…

Read More