The cryptocurrency trade FTX on Friday stated that it was submitting for chapter, capping a surprising week that has upended crypto markets and despatched shock waves by the trade.
In an announcement on Twitter, the corporate stated that FTX’s 30-year-old founder, Sam Bankman-Fried, had resigned. John J. Ray III has been appointed chief govt.
FTX collapsed this week after a three-day run on deposits sparked by the chief govt of its high rival, Binance, who posted tweets over the weekend questioning the soundness of its enterprise.
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