On Friday, November 11th, cryptocurrency exchange FTX Trading Limited (“FTX”) and its sister cryptocurrency trading firm Alameda Research (“Alameda”) filed for Chapter 11 bankruptcy. Just a week earlier on Monday, November 7th, Sam Bankman-Fried, founder of both companies, had tweeted, “FTX is fine. Assets are fine.”
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Post-FTX: Navigating decentralization…
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On Friday, November 11th, cryptocurrency exchange FTX Trading Limited (“FTX”) and its sister cryptocurrency trading firm Alameda Research (“Alameda”) filed for Chapter 11 bankruptcy. Just a week earlier on Monday, November 7th, Sam Bankman-Fried, founder of both companies, had tweeted, “FTX is fine. Assets are fine.”