Investors during the fundraising round last year included BlackRock and the Ontario Teachers’ Pension Plan — via TheGrowthOp
report, FTX is facing a funding gap of roughly $8 billion. The company’s valuation hit as high as $25 billion before collapsing this month.Article content
Now working through bankruptcy, John Ray, FTX’s new chief executive, said in a court filing that the process would involve the “comprehensive, transparent and deliberate investigation into claims against Mr. Samuel Bankman-Fried,” according toAccording to the filing, there was a “concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals.
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