FTX files for Chapter 11 Bankruptcy as SBF resigns

FlavienNovember 11, 2022

Less than a minute

FTX files for Chapter 11 Bankruptcy as SBF resigns

FTX just posted an official statement saying they are filing for Chapter 11 bankruptcy More than 130 companies in FTX Group are concerned by the filings.
Regulators and lawmakers around the world were shifting their focus on the exchange. The Cyprus Securities and Exchange Commission aimed to revoke its EU crypto license, California Department of Financial Protection and the SEC were launching investigations into the exchange.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.