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Bankrupt FTX Fires Three of Sam Bankman-Fried’s Top Deputies

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The three executives and Mr. Bankman-Fried are said to have known FTX was using customer funds to plug a funding gap

Sam Bankman-Fried, shown in September in Washington, resigned as FTX’s CEO on Nov. 11, when the crypto exchange filed for bankruptcy.Photo: Graeme Sloan/Sipa/Reuters

FTX, the cryptocurrency exchange launched by Sam Bankman-Fried, said it fired three of the founder’s top deputies.

Gary Wang, an FTX co-founder and its chief technology officer; FTX engineering director Nishad Singh; and Caroline Ellison, who ran Mr. Bankman-Fried’s trading arm, Alameda Research, were terminated from those roles after FTX tapped John J. Ray to oversee the companies’ bankruptcy, an FTX spokeswoman said late Friday.

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