Employees at FTX US try to sell assets while the CEO is away, says Bloomberg

Employees at FTX’s cryptocurrency exchange business in the United States are attempting to sell company assets, in some cases without CEO Sam Bankman-“participation,” Fried’s according to Bloomberg News, citing two people familiar with the situation.

According to the report, assets pitched included the stock clearing platform Embed and the naming rights to a Miami arena.

While the embattled crypto CEO has stressed that the American branch of FTX is separate from the global brand and in good financial health, FTX has descended into chaos in recent days following a failed takeover by rival Binance.

“This shitshow had no financial impact on FTX US, a US-based exchange that accepts Americans. It is entirely liquid. Every user has the option to completely withdraw. Updates on its future are on the way.” On Thursday, Bankman-Fried posted in a thread.

FTX CEO Sam Bankman-Fried has apologized in one of his first public statements since the crypto market was inundated with rumors and worries about FTX’s insolvency.