On Friday morning, the troubled cryptocurrency exchange FTX declared that it has commenced Chapter 11 bankruptcy proceedings due to a massive liquidity crunch. FTX’s New CEO Appointed The firm also disclosed that former billionaire CEO Sam Bankman-Fried has resigned from his role following the liquidity crisis that forced a sudden unraveling of the exchange which The post Just-In: SBF Resigns, John Ray III Joins As New FTX CEO appeared first on CoinGape .
