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 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

more from the pavlovic today

Inside The Downing Street England v Wales Match For MPs

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

Biden’s schedule for November 30, 2022 is out

EST 9:00 AM  President Biden receives the Presidential Daily Briefing                             11:05 AM President Biden departs the White House en route the White House Tribal Nations Summit11:30 AM  President Biden delivers remarks at the White House Tribal Nations Summit12:15 PM President Biden  departs the White House Tribal Nations Summit en route the White House                            12:20 PM President Biden arrives at the White House 5:30 PM The First…

Keep reading

We The People: My 2022 Christmas At The White House

It’s that time of year again. On Monday, I walked through the White House gates for the First Lady’s Christmas decoration reveal. An annual White House press tradition, filled with history, holiday songs, and thousands of sparkling lights. The grand entrance at the East Wing Lobby opened with “We the People” holiday experience with bells…

Keep reading

Biden’s schedule for November 29, 2022 is out

EST 11:55 AM President Biden departs the White House en route Joint Base Andrews                              12:25 PM President Biden departs Joint Base Andrews en route Freeland, Michigan                              2:05 PM President Biden arrives in Freeland, Michigan                            2:35 PM President Biden tours the SK SiltronCSS facility …

Keep reading


Newsroom at The Pavlovic Today

Leave a comment

Your email address will not be published. Required fields are marked *