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.
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