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Top Atlas News News

Business · New York

FTX: Crypto giant collapses into bankruptcy

48% Center coverage: 148 sources

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.See the Story

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