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 .
