FTX files for Chapter 11 bankruptcy
According to a bankruptcy filing by Alameda Research, the firm says it has more than 100,000 creditors. Alameda also said that it has between $10 billion and $50 billion in assets and $10 billion and $50 billion in liabilities. Per the filing, Alameda is being represented by Delaware-based law firm Landis Rath & Cobb LLP.
Crypto exchange FTX has moved to file for Chapter 11 bankruptcy, along with more than 100 corporate entities affiliated with FTX, including Alameda Research and FTX US, according to a company statement. In the announcement, FTX said that CEO Sam Bankman-Fried has resigned. John J. Ray III, the Chicago-based attorney known for overseeing the liquidation of Enron, has been appointed to take the position.
Source
Join Now
@BitcoinBreaking
