Crypto giant FTX collapses into bankruptcy
IMAGE SOURCE, TOM WILLIAMS Image caption, FTX founder Sam Bankman-Fried stepped down as chief executive on Friday. By Natalie Sherman & Joe Tidy BBC News Beset digital currency trade FTX has declared financial insolvency in the US, looking for court security as it searches for a method for returning cash to clients. Previous supervisor Sam Bankman-Broiled has additionally ventured down as CEO, the organization said. It is a huge turn of fortunes for the 30-year-old, who had headed the world's second biggest crypto trade. In a little more than seven days, his FTX domain has imploded, shaking trust in the generally disturbed crypto market. "Please accept my apologies, once more, that we wound up here. Ideally things can figure out how to recuperate," Mr Bankman-Broiled, nicknamed the 'Lord of Crypto', composed on Twitter on Friday. "I was stunned to see things disentangle the manner in which they did." The BBC isn't answerable for the substance o...