FTX launches voluntary bankruptcy proceedings and its CEO resigns, marking a stunning downfall for one of the most powerful players in crypto
FTX said Sam Bankman-Fried, the 30-year-old founder of the exchange, will remain to assist in an orderly transition. The firm appointed a new CEO, John Ray III, and many employees are expected to stay on to operate the company in Chapter 11. “I’m really sorry, again, that we ended up here,” Bankman-Fried wrote in a Twitter thread Friday. “Hopefully things can find a way to recover.
Securities regulators in the Bahamas, where FTX.com is based, froze some of the embattled exchange’s assets on Thursday. Both the Justice Department and Securities and Exchange Commission are investigating FTX, The Wall Street Journal reported. The DOJ declined to comment, and the SEC said it does not comment on the existence or nonexistence of investigations. Bankman-Fried has been one of the faces of the crypto industry, amassing a fortune once totaling $25 billion that has since vanished.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
FTX US Resigns From the Crypto Council for InnovationFTX US has resigned from the crypto_council, an industry trade association based in Washington, D.C. cheyenneligon reports
Les mer »
Wintermute says it has funds on crypto exchange FTX, but it's not 'significant'Crypto market maker Wintermute has funds stuck on embattled crypto exchange FTX, the firm said.
Les mer »
Bankman-Fried says he 'f*cked up,' will shut down Alameda tradingFTX CEO Sam Bankman-Fried apologized after days of turmoil at his crypto exchange.
Les mer »
Bankman-Fried apologizes, says FTX has more assets than client depositsFTX CEO Sam Bankman-Fried apologized after days of turmoil at his crypto exchange.
Les mer »
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific 'Sparring Partner' – Bitcoin News“At some point I might have more to say about a particular sparring partner, so to speak,” the FTX executive said.
Les mer »
Who is Sam Bankman-Fried, the FTX CEO who lost billions in crypto?The California native known as SBF never cared for school, has given millions to President Joe Biden and likes his Oreo cookies.
Les mer »