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1) Hi all: Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US.
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2) I'm really sorry, again, that we ended up here. Hopefully things can find a way to recover. Hopefully this can bring some amount of transparency, trust, and governance to them. Ultimately hopefully it can be better for customers.
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4) I'm going to work on giving clarity on where things are in terms of user recovery ASAP.
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5) I'm piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week. I will, soon, write up a more complete post on the play by play, but I want to make sure that I get it right when I do.
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To be honest, seeing the monstruous entrepreneurial-business-finance mistakes that were made, I am usure Mr. Ray or anyone else in your management is actually fit to help FTX.
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