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.