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Sam Bankman-Fried resigns as crypto exchange FTX files for bankruptcy

The downfall of crypto icon Sam Bankman-Fried is complete: The ex-billionaire resigned from his crypto exchange FTX on Friday and announced that the company was filing for bankruptcy.

The 30-year-old is stepping down just days after his shock announcement that he was selling the $32 billion company to rival Binance following liquidity problems.

However, Binance withdrew from the bailout, leaving Bankman-Fried with little choice but to seek forgiveness from investors who are now fighting the remains of FTX in court.

https://www.thedailybeast.com/sam-bankman-fried-resigns-as-crypto-exchange-ftx-files-for-bankruptcy?source=articles&via=rss Sam Bankman-Fried resigns as crypto exchange FTX files for bankruptcy

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