Tag: ftx cryptocurrency

FTX to file for U.S. bankruptcy protection, CEO Bankman-Fried resigns

FTX to file for U.S. bankruptcy protection, CEO Bankman-Fried resigns

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The announcements come days after larger rival Binance walked away from a proposed acquisition The announcements come days after larger rival Binance walked away from a proposed acquisition FTX will initiate bankruptcy proceedings in the United States while its Chief Executive Sam Bankman-Fried resigned, the embattled cryptocurrency exchange said on Friday, triggering what could be […]

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FTX looks for .4 bn in rescue funds, Bahamas freezes some assets

FTX looks for $9.4 bn in rescue funds, Bahamas freezes some assets

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FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Bankman-Fried has discussed raising $1 billion each from Justin Sun, the founder of crypto token Tron, […]

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