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New York Times

The company filed for Chapter 11 bankruptcy protection on Saturday but said its restaurants would remain open while it works on a “restructuring process.” [...]

Mr. Singh, who was a top executive in Sam Bankman-Fried’s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX. [...]

Over the past nine months, the parents of Mr. Bankman-Fried, Ms. Ellison and Mr. Singh have written letters to Lewis A. Kaplan, the judge overseeing the FTX case, pleading for leniency for their children. They described the emotional toll of FTX’s collapse, recounting wrenching conversations and endless stress. [...]

Over the past nine months, the parents of Mr. Bankman-Fried, Ms. Ellison and Mr. Singh have written letters to Lewis A. Kaplan, the judge overseeing the FTX case, pleading for leniency for their children. They described the emotional toll of FTX’s collapse, recounting wrenching conversations and endless stress. [...]

Over the past nine months, the parents of Mr. Bankman-Fried, Ms. Ellison and Mr. Singh have written letters to Lewis A. Kaplan, the judge overseeing the FTX case, pleading for leniency for their children. They described the emotional toll of FTX’s collapse, recounting wrenching conversations and endless stress. [...]