Founder Sam Bankman-Fried resigns as CEO and tells of shock ‘to see things unravel the way they did’
One of the world’s biggest cryptocurrency exchanges, FTX, has filed for bankruptcy protection in the US amid warnings the embattled industry faces a 2008-style crisis.
FTX’s founder, Sam Bankman-Fried, also resigned as chief executive after a precipitous fall from grace that began last week with reports about the financial structure of his crypto empire.
The contagion could last for weeks, with many other firms going bankrupt.”
