BREAKING: Embattled cryptocurrency exchange FTX announced it's filing for bankruptcy and that former billionaire CEO Sam Bankman-Fried has resigned.
Embattled cryptocurrency exchange FTX announced on Friday morning it has commenced Chapter 11 bankruptcy proceedings and that its former billionaire CEO Sam Bankman-Fried has resigned from the company following a liquidity crisis that forced a sudden unraveling of the exchange at one point worth $32 billion.Virgile Simon Bertrand for Forbes [email protected] 85296057781 Hong Kongit would pursue the bankruptcy proceedings for FTX.
Five subsidiaries were not included in the bankruptcy proceedings, FTX said: LedgerX , FTX Digitial Markets Ltd. and FTX Australity Pty Ltd. and FTX Express Pay Ltd.
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