Amy Wu Resigns From FTX Ventures as SBF’s Crypto Empire Unravels

[Google News Bot]

As the collapse of the FTX cryptocurrency exchange continues to send shockwaves across the industry, Amy Wu, a former partner at Lightspeed Venture Partners, told The Information on Friday that she has resigned from her position with FTX Ventures. Wu’s resignation comes the same day FTX filed for Chapter 11 bankruptcy protection, and its founder Sam Bankman-Fried resigned as CEO amid allegations of fraud and the mismanagement of customer funds. Wu joined FTX in January to lead its venture capital arm, which Bankman-Fried launched that same month with a $2 billion investment. Since then, ...

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