FTX Files for Bankruptcy; Sam Bankman-Fried Steps Down as CEO

Breaking: FTX says it filed for bankruptcy in the U.S. and Sam Bankman-Fried resigned as the cryptocurrency exchange’s CEO

In a statement, the company said Chief Executive Sam Bankman-Fried resigned from his position but would remain at the company to assist with an orderly transition. FTX said that it would begin a process to review and monetize assets for stakeholders.

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