Embattled FTX files for bankruptcy, Sam Bankman-Fried resigns in raging crypto crisis

[ad_1]

SBF will be replaced by John J. Ray III, the lawyer who was brought in to clean up the mess during Enron’s infamous collapse.

On Friday morning, after a weeklong gauntlet that saw FTX perishing in slow motion, the cryptocurrency exchange once worth $32 billion is filing for Chapter 11 bankruptcy, according to a release posted on Twitter.

Read Full Story

[ad_2]

Source link

Comments are closed.