FTX Group, which includes the FTX.com entity as well as FTX US, Alameda Research and “approximately 130 additional affiliated companies” have all filed for chapter 11 bankruptcy proceedings, according to a press release. CEO and founder Sam Bankman-Fried also resigned his role, but will “assist in an orderly transition.” John Ray III is the new CEO.
Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy
