Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. It caps off a tumultuous week for one of the biggest names in the sector. From a report: In the space of days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals, and rival exchange Binance ripped up its nonbinding agreement to buy the company. FTX founder Sam Bankman-Fried admitted on Thursday that he “f—ed up.”

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Source: Slashdot – Sam Bankman-Fried’s Cryptocurrency Exchange FTX Files for Bankruptcy