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<ul><li>According to reports, the departing CEO is going to Argentina in reaction to the potential FTX crypto exchange vulnerability.</li><li>In response to the potential FTX crypto exchange exploit, the departing CEO is reportedly travelling to Argentina.</li></ul><h2 id="header-0">The outgoing CEO is apparently travelling to Argentina in response to the possible FTX crypto exchange exploit.</h2>The outgoing CEO is apparently traveling to Argentina in response to the possible FTX crypto exchange exploit. Although SBF&#39;s journey to the South American nation has not yet been formally confirmed, reports suggested such. An exploit involving a token transfer of almost $600 million was previously claimed to have affected the FTX and FTX US wallets. Additionally, it&#39;s believed that a few FTX personnel are responsible for the breach.Choosing Bankruptcy<a href="https://www.coingabbar.com/en/crypto-currency/ftx-token-ftt-prices-usd" rel="noopener noreferrer nofollow">FTX </a>announced that it would file for voluntary chapter 11 bankruptcy just hours before the news of the $600 million hack broke. Sam Bankman-Fried also gave notice of his resignation as CEO of FTX. The company announced on Friday that the bankruptcy process had been started by FTX and Alameda Research. Around 130 other FTX-affiliated businesses are also involved in the proceedings, it continued.The FTX Group&#39;s Chief Executive Officer has been named as John J. Ray III in the meanwhile. Additionally highlighted in the release was the fact that the new CEO would continue to supervise FTX staff in numerous nations. In general, the corporation stated that it tries to efficiently manage its condition with regard to assets and liabilities through a structured method. For the next 120 days, <a href="https://www.coingabbar.com/en/crypto-currency-news/sam-bankman-fried-reveals-ftxs-post-bankruptcy-situation" rel="noopener noreferrer nofollow">FTX</a> will have to decide how it wants to move forward in accordance with bankruptcy legislation. Sam Bankman-Fried stated in a tweet following his resignation that the emphasis would be on attempting to find a solution to recover user assets as quickly as feasible.The Next Step for Sam Bankman-Fried?Earlier sources indicated that the FTX founder is presently negotiating an agreement with the United States. Financial Industry Regulatory Authority. According to XRP attorney John Deaton, SBF&#39;s mother may have contacted SEC head Gary Gensler to discuss the FTX problem. The price of Bitcoin (BTC) is still trading below $17,000 at the moment. As of this writing, the price of one bitcoin is $16,862, up 0.93% over the last 24 hours, according to the price monitoring site CoinGabbar.

Will SBF Be Visiting Argentina?

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