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FTX Legal Department Jumps Ship, Binance Deal Fizzles Out

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The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from Semafor indicates that FTX’s legal and compliance staff left en masse as the company announced its deal with Binance. The report cites people familiar with the matter speculating on the company’s hurdles to completing any agreement without a legal staff. FTX’s Team Goes Silence, Employees Keep Faith In CEO Across social media, users began rep ...

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