FTX bankruptcy… Sam Bankman Fried CEO resignation

Global Virtual Asset Exchange FTX, which was in liquidity crisis, applied for bankruptcy. The founder, Sam Bank man Fried, resigned.

The FTX announced on Twitter that it will apply for rehabilitation bankruptcy based on the Federal Bankruptcy 'Chapter 11'. As a result, about 130 FTX affiliates, including Dromedaries Research and West Realm Shire, will be followed by the same procedure. Only affiliates such as Lever X, FTX Digital Market, FTX Australia and FTX Express Pay were excluded from bankruptcy.

At the same time, the company announced that Bank man Fried CEO resigned and appointed John J. REI III. Bank man Fried remains in FTX to support the new CEO.

The FTX was announced on the 2nd of the blockchain media Does, and the subsidiary Alameda Research was known and bankruptcy in about ten days after the problem of liquidity was raised. It was pointed out that the asset of the Dromedaries Research consists of FTX tokens (FTT), and Alameda Research has purchased a significant amount of tokens issued by FTX.

As the news of the FTX bankruptcy is announced, the FTT price, which was about $25 a week ago, is $2.7 as of 0 am on the 12th. The 24-hour fluctuations fell 15%.