Analysis-FTX meltdown sparks investor rethink of battered crypto market
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FTX files for bankruptcy - Bankman-Fried steps down as CEO
November 11, 2022 10:05 AM ESTFTX's Sam Bankman-Fried has stepped down as CEO of the company while FTX itself has filed for Chapter 11 bankruptcy in the US, according to a statement by the cryptocurrency exchange posted on Twitter.
Bankman-Fried is being replaced by John J. Ray III, although the company said he will stay to assist with the transition. In... More
FTX used customer funds to finance risky Alameda bets - WSJ
November 10, 2022 11:14 AM ESTFTX lent billions of dollars of customer assets to finance risky bets by Alameda Research, its affiliated trading firm, according to a report by The Wall Street Journal.
The crypto exchange has imploded over the last few days, with Binance pulling out of a rescue deal. The WSJ... More
