Sam Bankman-Fried Resigns as Crypto Exchange FTX Files for Bankruptcy

Cryptocurrency poster boy’s fall Sam Bankman-Fried Done: The former billionaire resigned from crypto exchange FTX on Friday and announced that the company is declaring bankruptcy.

The 30-year-old is stepping down just days after the shocking announcement that he would sell the $32 billion company to rival Binance following liquidity issues.

However, Binance pulled out of the bailout, leaving Bankman-Fried with few options other than begging forgiveness from investors, who will now have to fight for what remains of FTX through. court system.

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