ftx-files-for-chapter-11-bankruptcy-taking-down-about-130-companies-with-it

FTX files for chapter 11 bankruptcy taking down about 130 companies with it

FTX has filed for Chapter 11 bankruptcy in the U.S., based on a recent Twitter post. Sam Bankman-Fried stepped down as the company’s CEO and named John Ray III as his replacement. Although Bankman-Fried will be leaving his position, he…