FTX was teetering on the brink with just 105 Bitcoins left when the bankruptcy rescue team swooped in, a nail-biting rescue operation indeed! 🚨 But now, current CEO John J. Ray III is firing back at his predecessor's claims, labeling them as "delusional" and "categorically false." 😠 Ray, representing FTX and its subsidiaries, insists that just because they're on track to repay customers doesn't erase the harm caused by Bankman-Fried's shenanigans. 💸 Despite the recovery efforts and Bitcoin's soaring value, the scars of Bankman-Fried's actions run deep, with assets lost to bribes and extravagant spending. 😱 Ray paints a grim picture of the havoc wreaked, declaring Bankman-Fried's effective altruism a sham. 😔 And while there's hope for restitution, many customers are left feeling shortchanged, unable to reclaim their rightful economic standing. 😞 The emotional and financial toll on FTX's customers is palpable, with their voices echoing the pain of betrayal and loss. 😢 As the sentencing date looms, the courtroom drama promises to be riveting, with justice hanging in the balance. ⚖️
Follow | Like ❤️ | Quote 🔄 | Comment
