The headcount declined by nearly 40% during the same period.
levied against him by regulators in the country. He was released on a $250-million bail bond that was secured by his parents’ Palo Alto-area home.Meanwhile, the US Department of Justice that Bankman-Fried attempted to contact and potentially “influence” the witness testimony of FTX US General Counsel Ryne Miller via the encrypted messaging app Signal.
This led the prosecutors to file a motion that amended the disgraced founder’s bail conditions to prevent contact with FTX employees and the use of applications like Signal.an in-person meeting with its current CEO, John Ray, in recent weeks, according to the text and email messages released by the prosecutors.
The events that transpired after the FTX blow-up significantly damaged the crypto market, as well as the sector’s reputation. Regulators across the world are now pushing for establishing more guardrails to protect against investor harm and risk of contagion.
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