$32 billion crypto exchange FTX collapses; CEO resigns
$32 billion crypto exchange FTX collapses; CEO resigns
(NewsNation) — Short billions of dollars, embattled cryptocurrency exchange FTX has filed for bankruptcy, and its CEO has resigned.
FTX sought bankruptcy protection after experiencing the crypto equivalent of a bank run.
Hailed as the next Warren Buffett by Fortune, Sam Bankman-Fried, former CEO of FTX, was once the “golden boy” of crypto, and worth billions of dollars. As of last Monday, he was…