Lawyers representing FTX in the firm’s Chapter 11 bankruptcy proceedings called the company’s swift demise earlier this month “the most abrupt and difficult collapse in the history of corporate America” in comments before a Delaware bankruptcy court Tuesday.
“Your honor, what we have is a worldwide organization that was run effectively as the personal fiefdom of Sam Bankman-Fried,” James Bromley, newly appointed counsel to FTX’s new management, said.
Substantial investments, according to…
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