Cryptocurrency exchange FTX Trading and about 130 affiliated firms have filed for Chapter 11 bankruptcy protection in the United States.
In its statement on Friday, FTX Trading also said founder Sam Bankman-Fried has resigned as chief executive officer.
The Wall Street Journal and other US media reported that traders are seeking to withdraw their money from the platform. There has been speculation that an investment firm owned by Bankman-Fried has asset management problems. The pullbacks have left FTX as much as 8 billion dollars short of funds.
There have also been reports that US authorities, including the Securities and Exchange Commission, are investigating FTX.
FTX's financial problems are causing ripple effects in the crypto industry with the prices of Bitcoin and other digital currencies plunging.
In its statement on Friday, FTX Trading also said founder Sam Bankman-Fried has resigned as chief executive officer.
The Wall Street Journal and other US media reported that traders are seeking to withdraw their money from the platform. There has been speculation that an investment firm owned by Bankman-Fried has asset management problems. The pullbacks have left FTX as much as 8 billion dollars short of funds.
There have also been reports that US authorities, including the Securities and Exchange Commission, are investigating FTX.
FTX's financial problems are causing ripple effects in the crypto industry with the prices of Bitcoin and other digital currencies plunging.
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Summary
Cryptocurrency exchange FTX Trading, along with approximately 130 affiliated firms, has filed for Chapter 11 bankruptcy protection in the U.S. Founder Sam Bankman-Fried resigned as CEO. Traders are seeking to withdraw funds due to reported asset management issues and potential investigations by US
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ID: a2408e29-5cd9-46c4-b93b-dded656aa1f4
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221112_10/
Date: Nov. 12, 2022
Created: 2022/11/12 13:24
Updated: 2025/12/09 11:40
Last Read: 2022/11/12 14:35