FTX commercial director Amy Wu departs

The Information reported that FTX Ventures head Amy Wu has resigned, citing executives. Amy Wu joined the firm in January to launch a fund expected to be worth $2 billion. News of the resignations comes after more than 100 corporate entities associated with the FTX crypto exchange filed for Chapter 11 bankruptcy protection. Amy Wu told the Breakpoint conference in Lisbon last week that during the last cryptocurrency bull market, venture capital deals were rushed and carried out without proper due diligence.