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2022-11-11 15:00:00

Crypto Prices Crash as FTX Declares Bankruptcy, SBF Resigns - Winners and Losers

Crypto Prices Crash as FTX Declares Bankruptcy, SBF Resigns - Winners and Losers

FTX's desperate scramble for investors to repair its balance sheet has ended in bankruptcy. With regulators around the world freezing the troubled exchange's assets, it was only a matter of time. Sam Bankman-Fried has resigned as CEO and is replaced by John J Ray III. Ray said: “The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and develop a process to maximise recoveries for stakeholders."... Read More: Crypto Prices Crash as FTX Declares Bankruptcy, SBF Resigns - Winners and Losers

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