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It’s true, Sam Bankman-Fried, CEO of cryptocurrency exchange FTX has filed for bankruptcy after Binance, who was one of the FTX’s earliest investors, walked away from a bailout.
“I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US,” Sam Bankman-Fried stated on Twitter Friday morning.
“I’m really sorry, again, that we ended up here,” he said in a following Tweet revealing that he was ” shocked to see things unravel the way they did earlier this week.”
On November 10, Bankman-Fried claimed that the liquidity crunch only impacted the FTX International and that the FTX US was “100% liquid.”
Based on the today’s bankruptcy filing, it turns out that FTX US was impacted as well. Announcement on FTX.com suggests users to close down positions they made through FTX US.
“Trading may be halted on FTX US in a few days. Please close down any positions you want to close down. Withdrawals are and will remain open,” reads the statement.
Crypto Billionaire Sam Bankman-Fried Reveals His Reaction To Biden’s Digital Assets Regulatory Framework
(THE PAVLOVIC TODAY) — Crypto billionaire Sam Bankman-Fried has some words of praise for President Biden’s efforts to shape the regulatory future of crypto. The CEO of crypto exchange FTX told The Pavlovic Today that he finds Biden’s administration regulatory approach to digital assets “constructive.” Bankman-Fried said that he’s particularly “encouraged” by the President’s focus…Keep reading
The last time I talked to entrepreneur, venture capitalist, and Shark Tank investor Kevin O’Leary, digital assets made up 7% of his investment portfolio. Eight months later and he’s up at 20% percent. Dressed in a bespoke gray suit paired with a collectors’ watch with a red Rubber B sport band, Canada-born visionary investor was…Keep reading
Sam Bankman-Fried Exclusive Interview On A Surprising Bipartisanship At A Congressional Cryptocurrency Hearing
When crypto billionaire Sam Bankman-Fried, CEO of FTX, stepped onto the US Capitol’s steps on December 8 to testify in front of the House Committee on Financial Services, he knew that the cryptocurrency hearing would take time but did not expect it to last over four hours. Dressed in a navy suit and blue dress…Keep reading
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On Tuesday evening, about 120 Conservative MPs flocked into No 10 to watch the England v Wales game. Inside, the flags of England and Wales were displayed on either side of the giant TV. Snacks and drinks were served. MPs stood and joined in singing the national anthem before the game. MPs representing English and…Keep reading
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