FTX, Alameda Analysis, and 130 affiliated firms filed for voluntary Bankruptcy 11 complaints in the United States. SBF resigned as CEO.

FTX has filed for Bankruptcy 11 Lawsuits in the US. This follows the fiasco during the last couple of days the place the corporate didn’t honor its buyer’s withdrawal requests.

  • In a press unencumber shared mins in the past, FTX introduced that the gang can be submitting for Bankruptcy 11 Lawsuits in the US.
  • In keeping with the discharge, FTX, Alameda Analysis, in addition to 130 further affiliated firms which are related to FTX, have commenced the voluntary complaints below Bankruptcy 11.
  • Sam Bankman-Fried has resigned as CEO.
  • Commenting at the topic was once the newly-appointed CEO of FTX Staff – John J. Ray III, who stated:

The quick aid of Bankruptcy 11 is acceptable to give you the FTX Staff the chance to evaluate its scenario and expand a procedure to maxmize recoveries for stakeholders. The FTX Staff has treasured belongings that may handiest be successfully administered in an arranged, joint procedure.”

The put up FTX and Alameda Record for Chapter, SBF Resigns as CEO gave the impression first on CryptoPotato.


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