News of the fact that crypyto exchange FTX was short billions of dollars came as a huge shock to some, with one exec reportedly vomiting.
"All I could think of was rage and white-hot anger."Cryptocurrency exchange FTX had around 300 staffers around the time it collapsed in spectacular fashion, wiping out $32 billion in valuation in a matter of days.
News that the company was short billions of dollars to pay back customers came as a huge shock to some employees, with one executive saying he literally threw up in response,Many former employees saw their lavish lifestyles in the Bahamas crumble before their eyes and have had to since relocate — a day of reckoning that shook the cryptocurrency exchange industry to its core.
"I don’t see anyone’s reasonable questions being answered," Ryne Miller, general counsel of FTX’s US-based arm, wrote in a message to staff, according to the. "Out of respect to all the employees of this company, I think we deserve better given the circumstances.
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