The Blubber

FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring
11/11/2022

FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, a person familiar with the matter told The Block.

In June, about 20 people were fired off across the organization due to performance, the person said. Separately, the head of institutional sales, Zane Tackett, appears to have been terminated on Nov. 10, according to a posting on his Twitter account. The firm declined to comment.

Adding to the chaos is news that current FTX employees are scrambling to sell assets, Bloomberg first reported.

FTX filed for bankruptcy today.

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