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FTX bankruptcy filing: Why the $32B crypto company collapsed, what it means for the future

Por: ABC7 World November 12, 2022

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reported.On Friday, FTX began bankruptcy proceedings in the U.S., as it assesses the value of its remaining assets, a company announcement said. Sam Bankman-Fried, 30, a prominent crypto entrepreneur and the CEO of FTX, resigned on Friday, the announcement added. Previously, Bankman-Fried had , saying he should have done better.The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and... + full article



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