LONDON (Financial Times) -- FTX has filed for bankruptcy protection in the U.S. after it was unable to meet a torrent of withdrawals, marking a stunning collapse for Sam Bankman-Fried's crypto empire that was valued at $32 billion just months ago.
Cryptocurrencies
Sam Bankman-Fried's $32bn FTX crypto empire files for bankruptcy
Collapse comes after the digital assets group failed to meet surge in customer withdrawals
The chief executive will be replaced by John J. Ray III. © Reuters
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