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FTX: Crypto giant collapses into bankruptcy

Summary by Channel News Asia
Cryptocurrency exchange FTX said on Friday it was commencing bankruptcy proceedings in the United States and Sam Bankman-Fried is resigning from his role as chief executive officer. The move comes days after larger rival Binance walked away from a proposed acquisition and left it scrambling to raise about $9.4 billion.

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  • 48% of the sources are Center
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Forbes broke the news in United States on Friday, November 11, 2022.
Sources are mostly out of (0)