Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system.
3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted
Troubled cryptocurrency exchange FTX has fired three of its top executives, according to a report by the Wall Street Journal on Friday, citing an FTX spokeswoman. One of the high-ranking managers that has been released from duties is co-founder Gary Wang.
Engineering Director Nishad Singh and Caroline Ellison, who was responsible for Alameda Research, the trading arm of the exchange, are the other two dismissed managers, Reuters detailed, noting it did not receive immediate response