FTX Group companies have filed for bankruptcy protection after a tumultuous week that included news of a liquidity crisis, investigations by United States regulators and the swift cancellation of a possible acquisition by rival cryptocurrency exchange Binance.
The FTX Group companies beginning voluntary Chapter 11 proceedings in the U.S. include FTX.com, FTX US, Alameda Research and about 130 other affiliated companies, FTX.com said in a press release posted by its Twitter account Friday (Nov. 11).
https://www.pymnts.com/cryptocurrency/2022/more-than-130-ftx-group-companies-file-bankruptcy/
BlockFi has halted client withdrawals, blaming the uncertainty around FTX’s implosion. The crypto lender said it’s “shocked and dismayed” by the crisis at Sam Bankman-Fried’s exchange.
https://www.kitco.com/news/2022-11-11/BlockFi-suspends-withdrawals-retains-bankruptcy-counsel.html
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