Sam Bankman-Fried’s cryptocurrency exchange FTX has reportedly filed for Chapter 11 bankruptcy in the U.S. following a week of significant scandals and upset in the cryptocurrency space. The crypto boss and Democrat megadonor popularly known as “SBF” subsequently resigned.
CNBC reports that the cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S. following a week of turmoil in the cryptocurrency space. Breitbart News previously reported that the crypto exchange Binance backed out of its plans to acquire rival platform FTX leaving the firm on the brink of collapse.
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. This year’s conference theme is “The Search for…
