Sam Bankman Fried Resigns Ftx Files For Bankruptcy
Jeenah Moon | Bloomberg | Getty Images Sam Bankman-Fried’s FTX cryptocurrency exchange has filed for Chapter 11 bankruptcy in the US, according to a company statement posted on Twitter. Bankman-Fried also stepped down as CEO and was replaced by John J. Ray III, although the outgoing chief will stay on to help with the transition. Alameda Research, Bankman-Fried’s crypto firm, and about 130 additional affiliates are part of the voluntary process....