FTX files for Chapter 11 bankruptcy in US, Sam Bankman-Fried resigns as cryptocurrency exchange’s CEO
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On Friday, cryptocurrency exchange company FTX said that it has filed for bankruptcy in the U.S. In an official statement, the compnay also said that Sam Bankman-Fried has resigned as the cryptocurrency exchange's CEO. The company said that Fried resigned following a liquidity crisis that forced a sudden unraveling of the exchange at one point worth $32 billion.