FTX Commences Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns

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Go back to FTX Commences Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns

FTX files for bankruptcy - Bankman-Fried steps down as CEO

November 11, 2022 10:05 AM EST

FTX'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