Thu. Dec 19th, 2024

BANKRUPT: Crypto Whiz Resigns in Disgrace as Firm Collapses<!-- wp:html --><p>Reuters</p> <p>The fall of crypto poster boy <a href="https://www.thedailybeast.com/ftxs-sam-bankman-fried-begs-for-forgiveness-after-binance-bails">Sam Bankman-Fried </a>is complete: The ex-billionaire resigned from his <a href="https://www.thedailybeast.com/inside-sam-bankman-frieds-liquidity-crunch-and-ftx-takeover-by-binance">exchange FTX</a> on Friday, as the company declared bankruptcy.</p> <p>The 30-year-old was once hailed as a pioneer of responsible crypto investing, and trust in FTX helped make it the third-largest exchange in the world.</p> <p>Now Bankman-Fried is slinking off in disgrace, leaving little but questions and investors who will have to fight for what’s left through the bankruptcy court system.</p> <p><a href="https://www.thedailybeast.com/sam-bankman-fried-resigns-as-crypto-exchange-ftx-files-for-bankruptcy?source=articles&via=rss">Read more at The Daily Beast.</a></p><!-- /wp:html -->

Reuters

The fall of crypto poster boy Sam Bankman-Fried is complete: The ex-billionaire resigned from his exchange FTX on Friday, as the company declared bankruptcy.

The 30-year-old was once hailed as a pioneer of responsible crypto investing, and trust in FTX helped make it the third-largest exchange in the world.

Now Bankman-Fried is slinking off in disgrace, leaving little but questions and investors who will have to fight for what’s left through the bankruptcy court system.

Read more at The Daily Beast.

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