FTX, a major cryptocurrency exchange, and FTX.US, its U.S. branch, have filed for Chapter 11 bankruptcy, FTX announced Friday. Founder and CEO Sam Bankman-Fried has resigned, according to the company’s press release; the new CEO is John J. Ray III, who led the infamous energy giant Enron through its bankruptcy and liquidation process about two…
The article FTX Crash: Timeline, Fallout and What Investors Should Know originally appeared on NerdWallet.
