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The cryptocurrency exchange FTX Group declares bankruptcy

The cryptocurrency exchange FTX Group, which has about 130 affiliated companies, announced on Friday that it has filed for voluntary Chapter 11 bankruptcy. FTX Trading Ltd., doing business as FTX.com, West Realm Shires Services, Inc., and Alameda Research Ltd. have all declared bankruptcy. According to FTX Group, CEO Sam Bankman-Fried has resigned and has been replaced by John J. Ray III. Bankman-Fried and “many employees” … Continue reading The cryptocurrency exchange FTX Group declares bankruptcy