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Crypto exchange giant FTX collapses, files for bankruptcy, after equivalent of a bank run

Por: MarketWatch Business November 12, 2022

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FTX US, which originally was not expected to be included in any financial rescue, was also part of the company’s bankruptcy filing. CEO and founder Sam Bankman-Fried has resigned, the company said. Bankman-Fried was recently estimated to be worth $23 billion and has been a prominent political donor to Democrats. His net worth has all but evaporated, according to Forbes and Bloomberg, which closely track the net worth of the world’s richest... + full article



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