Molly White, reporting on her brilliant site tracking all the happenings in the crypto/NFT world.
FTX files for bankruptcy, Sam Bankman-Fried resigns:
Aaaand there it goes.
FTX announced that it had filed for Chapter 11 bankruptcy in the United States. Sam Bankman-Fried resigned as CEO.
I wonder how all the Diamond Hands crypto HODL bros are feeling.
There’s only one thing worse than a Ponzi scheme, and that is being the one holding the “asset” when the music stops and there is no next fool in line.