Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy


FTX Group, which includes the entity as well as FTX US, Alameda Research and “approximately 130 additional affiliated companies” have all filed for chapter 11 bankruptcy proceedings, according to a press release. CEO and founder Sam Bankman-Fried also resigned his role, but will “assist in an orderly transition.” John Ray III is the new CEO.

Source link

Leave A Reply

Your email address will not be published.