IT Home News November 12th, on Friday local time, cryptocurrency trading platform FTX announced that has initiated bankruptcy procedures in the United States .
FTX said in a statement that CEO Sam Bankman-Fried has resigned from , but will continue to stay with the company to assist the company in an orderly transition. Additionally, John J. Ray III was appointed as the new CEO of FTX.
According to Wall Street Journal , investors from Silicon Valley and Wall Street had previously squeezed out FTX. They invested nearly 2 billion US dollars of (about 14.24 billion yuan), with almost no conditions attached, and did not supervise the FTX board of directors .
IT Home learned that on Wednesday local time, venture capital company Sequoia Capital said that considering the repayment risk, is writing down US$150 million (about RMB 1.068 billion) investment in FTX to zero .
It is reported that the filing for bankruptcy includes FTX Trading Ltd., which is responsible for the global trading website FTX.com, Alameda Research, a trading company founded by Bankman-Fried, and the US user platform FTX.US.
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"FTX announces bankruptcy filing, CEO Bankman resigns"
