Most of FTX’s legal and compliance staff quit Tuesday evening, people familiar with the matter told Semafor.
Their departure will likely complicate a still-tenuous rescue of the crypto exchange, which yesterday agreed in principle to sell itself to a rival, Binance. That deal remains subject to due diligence by Binance.
Semafor reported yesterday that FTX sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires hours before it announced it secured emergency financing from rival Binance.
A spokesman for FTX didn’t immediately return a request for comment. Bankman-Fried is an investor in Semafor.
Source: Semafor
