 "Sam Bankman-Fried, CEO of crypto exchange FTX. Photo: Bloomberg")
Beleaguered cryptocurrency platform FTX filed for bankruptcy protection Friday—a swift demise for a company hailed as a trusted platform just a week ago.
In a statement, the company said Chief Executive Sam Bankman-Fried resigned from his position but would remain at the company to assist with an orderly transition. FTX said that it would begin a process to review and monetise assets for stakeholders.
John J. Ray III has been named the new CEO of FTX Group, the company said. The bankruptcy filing includes FTX Trading, the company presiding over the global trading website FTX.com, Alameda Research, a trading firm founded by
