FTX Terminates Its Top Three Executives

As per the WSJ reports, FTX has fired its top 3 executives which includes Gary Wang, the co-founder of the company.

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Other terminated executives are Nishad Singh, engineering director and Caroline Ellison, who ran FTX's trading arm Alameda Research.

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FTX filed for bankruptcy last week after SBF resigned from his CEO position.

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Five new independent directors were also appointed for each of its major businesses as bankruptcy proceedings begins.

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Since FTX filed for bankruptcy, regulators from several different countries have come after the crypto firm and SBF.

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After FTX collapsed, the Crypto market tumbled and has a very tough week.

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FTT plunges from $22 to $1.45 amid collapse.

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