FTX was run like a “personal fiefdom” of former leader Sam Bankman-Fried, and a substantial amount of its assets have gone missing, a lawyer for the company said in a Delaware bankruptcy court on Tuesday.
“What we have here is a worldwide, international organization, but which was run as a personal fiefdom of Sam Bankman-Fried,” said James Bromley, counsel to FTX’s new management, according to a report in the Wall Street Journal.
