FTX Bankruptcy Sends Crypto Into Turnmoil

Bitcoin exchange FTX filed for U.S. bankruptcy last year after a liquidity problem that sparked action from regulators all around the world, and Sam Bankman-Fried resigned as CEO.

According to FTX, voluntary Chapter 11 bankruptcy procedures have been initiated in Delaware by 130 other businesses, including Alameda Research, a cryptocurrency trading fund linked with FTX. Want to know more about how this is affecting the crypto market? Watch the video to find out!

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References:
https://www.reuters.com/technology/cr....

https://www.business-standard.com/art...

https://www.cnbc.com/2022/11/21/bitco...

https://www.forbes.com/advisor/invest...

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