Cryptocurrency platform FTX files for bankruptcy as boss resigns
FTX Group announced in a statement Friday that it filed for Chapter 11 bankruptcy proceedings, adding it has begun an "orderly process to review and monetize assets for the benefit of all global stakeholders". PHOTO | SHUTTERSTOCK
Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.
