HomeStock MarketBankman-Fried departs as FTX CEO, exchange declares bankruptcy

Bankman-Fried departs as FTX CEO, exchange declares bankruptcy

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By lapaasindia
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  • According to a statement released by FTX on Friday, Sam Bankman-Fried’s cryptocurrency exchange has filed for bankruptcy in the US.
  • According to a statement, John J Ray III will take over as CEO of FTX in place of the 30-year-old former crypto billionaire.
  • In addition to Alameda Research Limited, approximately 130 other affiliated companies are involved in the bankruptcy proceedings.

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