New FTX CEO Says SBF Has No Longer Has An Active Role In FTX!

New FTX CEO Says SBF No Longer Has An Active Role In FTX!

Since the recent fall of major crypto exchange FTX, its former CEO Sam Bankman-Fried has come under a lot of scrutiny from investors and the public. Now, FTX’s new CEO has gone on to further distance the company from the former CEO.

FTX Addressing Concern On SBF

Recently, John Ray, the new CEO of fallen crypto exchange FTX took to Twitter to address the stance of former CEO Sam Bankman-Fried within the company.

Through the official FTX account, Ray re-emphasized the fact that Sam Bankman-Fried had stepped down from his position as CEO last week, this goes for all his companies including FTX, FTX US, Alameda Research, as well as their subsidiaries.

He then further distances the company from the former CEO, stating “Mr. Bankman-Fried has no ongoing role at [FTX], FTX US, or Alameda Research Ltd. and does not speak on their behalf.

Related: SBF, Steph Curry & Other Celebrities Sued for Endorsing FTX

SBF’s Recent Behavior

It seems that John Ray and FTX’s decision to make this announcement was made following a series of erratic tweets that Sam Bankman-Fried tweeted out for the past week.

Since November 14th, SBF has made an incredibly lengthy Twitter thread detailing his side of the story on FTX’s fall as well as revealing the current finances and assets of FTX and Alameda Research.

Aside from that, Sam Bankman-Fried had also gotten into a recent controversy following leaked DMs made between him and a Vox Reporter where SBF revealed his focus on ethics was “mostly a front.”

Related: SBF: FTX US Had Enough Funds To Repay All Customers

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