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The Daily Hodl
2022-11-11 18:20:41

Sam Bankman-Fried’s Net Worth Goes to Zero As Crypto Catastrophe FTX Files for Bankruptcy

Sam Bankman-Fried’s Net Worth Goes to Zero As Crypto Catastrophe FTX Files for Bankruptcy

Embattled crypto exchange FTX is filing for bankruptcy as its founder resigns from his role as the firm’s chief executive. In a new press release, FTX says it is filing for Chapter 11 bankruptcy while appointing a replacement for CEO Sam Bankman-Fried, the company’s founder. “[FTX and its affiliated groups] have commenced voluntary proceedings under The post Sam Bankman-Fried’s Net Worth Goes to Zero As Crypto Catastrophe FTX Files for Bankruptcy appeared first on The Daily Hodl .

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