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Yingwei financial investment – On the 11th local time, former cryptocurrency exchange giant FTX announced that it had filed for bankruptcy. FTX said company CEO Sam Bankman-Fried has stepped down.
Sam Bankman-Fried said on social media that day that he was sorry about FTX’s bankruptcy and hoped to find a way to fix it. In the filing, FTX estimated its assets and liabilities to be between $10 billion and $50 billion each, with more than 100,000 creditors.
FTX announced its bankruptcy, which also caused turmoil in the currency circle: many cryptocurrency exchanges announced their balance sheets one after another to prove that they have sufficient financial strength.
At the same time, FTX’s bankruptcy filing also dragged down cryptocurrencies, including Bitcoin. In the week ending November 13, Bitcoin is down 22%, Ethereum is down 24%, Dogecoin is down 30% and BNB is down 19%.
At time of writing, FTX Token is down 30%, to $1.41, down 10%, to $12.47, down 3%, to around $16,000 and down 5.8% at $1,189.
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(edited by: Chen Han)
