Breaking: FTX Exchange Files For Bankruptcy

In a major development, FTX has officialy filed documents for claiming bankruptcy.

In a few days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals, and rival exchange Binance ripped up its non-binding agreement to buy the company.

The voluntary procedures involve Alameda Research and over 130 additional connected firms.

Read More: SBF Was Seeking $9.4 Billion As Rescue Package for FTX

Press Release pic.twitter.com/rgxq3QSBqm

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— FTX (@FTX_Official) November 11, 2022

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has covered it all.

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