The crypto money market has been shaken in recent days due to what has happened in the giant stock market FTX. It was announced that the stock market, which was experiencing a liquidity crisis, would first be purchased by Binance, and then Binance gave up the decision. Yesterday, the CEO of FTX issued a statement holding himself responsible for all the events.
Today, it was expected and it was announced that FTX was bankrupt. The giant crypto platform announced in a press release on Twitter that they filed for bankruptcy in the USA. Let’s add that the bankruptcy filing covers the entire FTX Group, including FTX Trading Ltd., FTX.US, and Alameda Research.
CEO Sam Bankman-Fried also resigns
Press Release pic.twitter.com/rgxq3QSBqm
— FTX (@FTX_Official) November 11, 2022
In addition to the bankruptcy filing, it was announced that FTX CEO Sam Bankman-Fried, who was at the center of the crisis, also resigned. According to the information received, John J. Ray III will be appointed as CEO to replace Bankman-Fried. The entrepreneur, also known as SBF, will continue to play a role in the transition, even if he leaves the post.
Bitcoin, which has been falling in recent days, has risen to 18 thousand dollars today. However, the leading cryptocurrency fell again after FTX’s announcement. Bitcoin is trading at around $ 16,900 at the time of writing this news.
Details are coming….
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