Cryptocurrency exchange FTX files for bankruptcy protection in US
by Dan Milmo and Alex Hern from on (#65QDX)
Founder Sam Bankman-Fried resigns as CEO and tells of shock to see things unravel the way they did'
- What happened to FTX and could the crisis harm the rest of crypto?
- How Binance played a key role as FTX collapse unfolded
One of the world's biggest cryptocurrency exchanges, FTX, has filed for bankruptcy protection in the US amid warnings the embattled industry faces a 2008-style crisis.
FTX's founder, Sam Bankman-Fried, also resigned as chief executive after a precipitous fall from grace that began last week with reports about the financial structure of his crypto empire.
The contagion could last for weeks, with many other firms going bankrupt."
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