© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Cryptocurrency exchange FTX files for bankruptcy protection in US

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.”

Continue reading…

Related posts

C of E must ‘kneel in penitence’ after difficult year, says archbishop of York

AEA3

HS2 to be delayed by two more years due to soaring costs

AEA3

UK heatwave live: red weather warning in effect with temperatures forecast to exceed 40C

AEA3

Pin It on Pinterest

Share This