Briefing
crypto

FTX Files for Bankruptcy, Sam Bankman-Fried Resigns

By
Akash Pasricha
· · Source: The Information

Crypto exchange FTX has filed for Chapter 11 bankruptcy in the U.S. and founder Sam Bankman-Fried has resigned as CEO, the company said on Friday. Alameda Research, the trading company founded by Bankman-Fried, has also filed for bankruptcy. The company said John J. Ray III, a lawyer best known for leading the collapsed Enron through bankruptcy proceedings, will take over as CEO of the...

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