“And so we are where we are. Which sucks, and that’s on me,” former FTX CEO Samuel Bankman-Fried said in 22-tweet barrage from his personal Twitter account on November 10. It was the billionaire entrepreneur’s final grasp at redemption. The next morning, the world’s second-largest cryptocurrency exchange announced voluntarily filing for Chapter 11 bankruptcy. Bankman-Fried resigned as CEO and was replaced by insolvency expert John J. Ray III, who oversaw the bankruptcy proceedings of Enron as its CEO.