Enlarge / Then-CEO of FTX Sam Bankman-Fried speaks during a House Committee on Financial Services hearing on December 08, 2021 in Washington, DC. (credit: Getty Images | The Washington Post) FTX co-founder and former CEO Sam Bankman-Fried ran the failed cryptocurrency exchange as his "personal fiefdom" and many of its assets have disappeared, an FTX lawyer said at a hearing in US Bankruptcy Court in Delaware on Tuesday.