Over 10 years we help companies reach their tech goals. Devonfertech is a value-driven technology agency dedicated.




+1 -868-37-DEVON

Crypto News

FTX and Alameda File for Bankruptcy, SBF Resigns as CEO

FTX has filed for Chapter 11 Proceedings in the United States. This follows the fiasco over the past couple of days where the company failed to honor its customer’s withdrawal requests.

  • In a press release shared minutes ago, FTX announced that the group will be filing for Chapter 11 Proceedings in the United States.
  • According to the release, FTX, Alameda Research, as well as 130 additional affiliated companies that are associated with FTX, have commenced the voluntary proceedings under Chapter 11.
  • Sam Bankman-Fried has resigned as CEO.
  • Commenting on the matter was the newly-appointed CEO of FTX Group – John J. Ray III, who said:

The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and develop a process to maxmize recoveries for stakeholders. The FTX Group has valuable assets that can only be effectively administered in an organized, joint process.”

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Source link



Leave a comment

error: Alert: Content is protected !!