https://techcrunch.com/2022/11/11/ftx-files-for-bankruptcy-ceo-sam-bankman-fried-steps-down/ > The once-third-largest crypto exchange FTX has fallen from prestige in the past week and has now announced it filed for Chapter 11 bankruptcy in the U.S. > FTX CEO and founder Sam Bankman-Fried has resigned from his role, and Enron turnaround veteran John J. Ray III has been appointed as the new CEO.