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Subject: FTX: Crypto giant collapses into bankruptcy

Written By: Philip Eno on 11/11/22 at 1:45 pm

Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users.

Former boss Sam Bankman-Fried has also stepped down as chief executive, the company said.

It is a massive turn of fortunes for the 30-year-old, who had headed the world's second largest crypto exchange.

In just over a week, his FTX empire has collapsed, shaking confidence in the already troubled crypto market.

https://www.bbc.co.uk/news/business-63601213

Subject: Re: FTX: Crypto giant collapses into bankruptcy

Written By: exodus08 on 11/11/22 at 3:04 pm

That's a Millennial Capitalist for you lol.

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