Founder Sam Bankman-Fried resigns as chief executive
The world’s second largest cryptocurrency exchange, FTX, has filed for bankruptcy protection in the US and the founder, Sam Bankman-Fried, has resigned as chief executive.
In a statement, FTX said a range of related businesses including Alameda Research, a trading firm also owned by Bankman-Fried, had filed for chapter 11 proceedings “in order to begin an orderly process to review and monetise assets for the benefit of all global stakeholders”.
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Founder Sam Bankman-Fried resigns as chief executive
The world’s second largest cryptocurrency exchange, FTX, has filed for bankruptcy protection in the US and the founder, Sam Bankman-Fried, has resigned as chief executive.
In a statement, FTX said a range of related businesses including Alameda Research, a trading firm also owned by Bankman-Fried, had filed for chapter 11 proceedings “in order to begin an orderly process to review and monetise assets for the benefit of all global stakeholders”. Continue reading…Technology | The Guardian