FTX to file for U.S. bankruptcy protection, CEO Bankman-Fried resigns

Go back to FTX to file for U.S. bankruptcy protection, CEO Bankman-Fried resigns

BlockFi exploring a bankruptcy filing - WSJ

November 15, 2022 1:35 PM EST

Cryptocurrency lender BlockFi is exploring a bankruptcy filing, according to a report by The Wall Street Journal on Tuesday.

Last week, BlockFi halted withdrawals and limited activity on its platform, explaining that it has "significant exposure" to FTX as crypto firms feel the knock-on effects of the exchange's... More

FTX files for bankruptcy - Bankman-Fried steps down as CEO

November 11, 2022 10:05 AM EST

FTX's Sam Bankman-Fried has stepped down as CEO of the company while FTX itself has filed for Chapter 11 bankruptcy in the US, according to a statement by the cryptocurrency exchange posted on Twitter.

Bankman-Fried is being replaced by John J. Ray III, although the company said he will stay to assist with the transition. In... More