The cryptocurrency market has been shaken in recent days by what has happened in the giant stock market FTX. It was announced that the stock market, which was experiencing a liquidity crisis, would be bought by Binance first, after which Binance abandoned the decision. Yesterday, the CEO of FTX was a man who blamed himself for everything that happened. published a statement.

Today it was expected and it was announced that FTX was bankrupt. The giant crypto platform was published in the US in a press release on Twitter. file for bankruptcy explained what they were doing. Let’s add that the bankruptcy filing concerns the entire FTX Group, including companies like Alameda Research, which has been on the agenda lately.

CEO Sam Bankman-Fried also resigns

In addition to filing for bankruptcy, FTX CEO Sam Bankman-Fried, who has been at the center of the crisis, has also he resigned announced. According to the information received, John J. Ray III will be appointed CEO to replace Bankman-Fried. The entrepreneur, also called SBF, continues to play a role in the transition, even if he leaves the post.

Bitcoin, which has been falling for the past few days, has risen to $18,000 today. However, the leading cryptocurrency fell again after FTX’s announcement. Bitcoin is trading at around $16,900 at the time of writing this news.

If you are curious about the crisis that FTX has experienced in recent days, you can view our content below;