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FTX files for bankruptcy, CEO Bankman-Fried resigns

Por: Politico Business November 11, 2022

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Global crypto exchange FTX said Friday it is filing for Chapter 11 bankruptcy and that its CEO Sam Bankman-Fried is stepping down. “The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and develop a process to maximize recoveries for stakeholders,” John Ray III, the company’s new CEO, . “The FTX Group has valuable assets that can only be effectively administered in an... + full article



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