Breaking: FTX Exchange Files For Bankruptcy
1y ago
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In a major development, FTX has officialy filed documents for claiming bankruptcy.
In a few days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals, and rival exchange Binance ripped up its non-binding agreement to buy the company.
The voluntary procedures involve Alameda Research and over 130 additional connected firms.
Read More: SBF Was Seeking $9.4 Billion As Rescue Package for FTX
Press Release pic.twitter.com/rgxq3QSBqm
— FTX (@FTX_Official) November 11, 2022
The post Breaking: FTX Exchange Files For Bankruptcy appeared first on CoinGape.
1y ago
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