Cryptocurrency

Crypto Exchange FTX Files for Bankruptcy Amid $8 billion Shortfall

FTX Trading on Friday filed for Chapter 11 bankruptcy, capping a sudden and startling downfall for one of the world’s largest cryptocurrency exchanges. FTX’s problems came to light earlier this week when Bankman-Fried told a group of investors the company needed about $8 billion to back up its users’ crypto assets. Since 2019, FTX has also held the naming rights […]