![Game over for FTX as CEO-founder quits and company files for bankruptcy](https://i.comentr.com/2kJMYrZABoegZaitL3ODUosrq2s_tam.jpg)
Game over for FTX as CEO-founder quits and company files for bankruptcy
https://arstechnica.com/tech-policy/2022/11/sam-bankman-frieds-32-billion-ftx-crypto-empire-files-for-bankruptcy/
FTX has filed for bankruptcy protection in the US after it was unable to meet a torrent of withdrawals, marking a stunning collapse for Sam Bankman-Fried’s crypto empire that was valued at $32 billion just months ago.
The filing in a federal court in Delaware on Friday includes FTX’s US entity, Bankman-Fried’s proprietary trading group Alameda Research, and about 130 affiliated companies.