SITUATION REPORT

Global: FTX Files for Bankruptcy, CEO Resigns After Binance Pulls out of Deal

Nov 11, 2022 | 17:07 GMT

Embattled cryptocurrency exchange FTX announced that it and more than 130 affiliated companies of the FTX Group began voluntary Chapter 11 bankruptcy proceedings and that CEO and founder Samuel Bankman-Fried had resigned from his position, Bloomberg reported Nov. 11....

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