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Most Crypto Stocks Crashed in Morning Trading After FTX Has Filed for Bankruptcy

Tiger Newspress2022-11-11

Most Crypto stocks crashed in morning trading after FTX has filed for bankruptcy.

Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been replaced by John J. Ray III, though the outgoing chief will stay on to assist with the transition.

Alameda Research and approximately 130 additional affiliated companies are part of the voluntary proceedings.

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  • PearlynCSY
    ·2022-11-13
    Between $1 billion and $2 billion of FTX customer funds have disappeared, SBF had a secret ‘back door’ to transfer billions: Report. Reuters reports that at least $1 billion worth of customer funds have vanished from the failed crypto exchange. Two sources familiar with the matter told Reuters that ex-CEO Sam Bankman-Fried transferred $10 billion of customer funds from FTX to the digital asset trading house, Alameda Research. Alameda, also founded by Bankman-Fried, was considered to be a sister company to FTX. Those cozy ties are now under investigation by multiple regulators, including the Department of Justice, as well as the Securities and Exchange Commission, which is probing how FTX handled customer funds, according to multiple reports. Much of the $10 billion sent to Alameda “has sin
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    • setia100
      🥀🥀🥀
      2022-11-13
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    • Ramesh30
      Ok
      2022-11-13
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    • Mm101
      C
      2022-11-13
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  • RW52
    ·2022-11-12
    Got a bad feeling about this... [Drowsy] 
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    • cutemiao
      Me too
      2022-11-13
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  • Tanyl
    ·2022-11-12
    Yes, unfortunately all crypto drop
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  • tkkkkkkkkkk
    ·2022-11-12
    👌
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  • KCtan1688
    ·2022-11-12
    Like 
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  • Hayz
    ·2022-11-12
    Bad actor....
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  • Pluto891
    ·2022-11-12
    volatile ...
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  • PC21
    ·2022-11-11
    Ouch
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    • PC21
      [Facepalm]
      2022-11-11
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  • angskk
    ·2022-11-11
    GG
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  • 荷马先生
    ·2022-11-11
    Ftx破產有利於規範化的coinbase
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