SBF says John Ray III is not working with him or responding to messages, claims Ray made false statements, and dodges questions on Alameda and loaning funds (Stephanie Murray/The Block)

Stephanie Murray / The Block:
John Ray III tells the House that FTX has a “paperless bankruptcy” due to an “unprecedented” lack of documentation, FTX and Alameda were not distinct, and more  —  – New FTX CEO John Ray III said top executives at FTX had “free rein” over the company’s many entities.

CNBC:
FTX files for Chapter 11 bankruptcy in the US; Sam Bankman-Fried resigns as CEO  —  Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for bankruptcy.

Wall Street Journal:
Sources: Sam Bankman-Fried has unsuccessfully continued to attempt to raise $8B to plug FTX’s shortfall, despite filing for bankruptcy and resigning as CEO  —  Alongside a few remaining employees, Mr. Bankman-Fried spent the weekend calling around in search of new commitments from investors

Tracy Alloway / Bloomberg:
The wildest parts from FTX’s bankruptcy filing: token holdings are worth $659K, Alameda loaned SBF over $1B, SBF auto-deleted important messages, and more  —  Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …

Angus Berwick / Reuters:
Sam Bankman-Fried says he is in the Bahamas, denying speculation on Twitter that he had flown to South America after FTX filed for bankruptcy  —  FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America …

Wall Street Journal:
Sources: Alameda CEO Caroline Ellison told staff on November 9 that she, SBF, and two FTX executives were aware that FTX lent its customers’ money to Alameda  —  Trading firm Alameda’s troubles helped lead to the bankruptcy of crypto exchange FTX  —  Alameda Research’s chief executive …