FTX Files For Bankruptcy, Sam Bankman-Fried Resigns as CEO - FTX filed for Chapter 11 bankruptcy in the U.S., such a sad ending for one of the top exchanges.

    According to the announcement posted on the November 11 evening, crypto exchange FTX filed for bankruptcy for both (serving world users), FTX.US (serving US users), Alameda Research investment fund, and more than 130 subsidiaries in the FTX network.

    Bankman-Fried resigned as chief executive officer of the FTX Group as part of the filings and John J. Ray III was appointed to replace him. However, Sam will continue to accompany FTX in the process of calculating assets for bankruptcy under Chapter 11. FTX employees will also remain until further announcement.

    Also in the bankruptcy filing, FTX stated that the company’s assets are in the range of $10-50 billion, and the amount of debt is also $10-50 billion.

    Thus, after only 4 days since Changpeng Zhao exposed the exchange’s liquidity issue, FTX had to declare bankruptcy after being massively withdrawn by users, revealing a deficit of up to $8-10 billion. It is still unclear why the exchange has lost so much money while maintaining as one of the top trading platforms with millions of global users, but it is rumored that FTX used customer funds to prop up its owner’s trading firm.

    FTT price has plummeted after the news.

    Source: Binance

    In a statement posted later on Twitter, Sam Bankman-Fried once again apologized to users for what happened. Sam said he “was shocked” by the collapse of FTX – Alameda, and promised to provide more information in the near future.

    Here are 134 companies affiliated with FTX that filed for bankruptcy:

    1. Alameda Aus Pty Ltd

    2. Alameda Global Services Ltd.

    3. Alameda Research (Bahamas) Ltd

    4. Alameda Research Holdings Inc.

    5. Alameda Research KK

    6. Alameda Research LLC

    7. Alameda Research Ltd

    8. Alameda Research Pte Ltd

    9. Alameda Research Yankari Ltd

    10. Alameda TR Ltd

    11. Alameda TR Systems S. de R. L.

    12. Allston Way Ltd

    13. Altalix Ltd

    14. Analisya Pte Ltd

    15. Atlantis Technology Ltd.

    16. B for Transfer Egypt

    17. B Payment Services Nigeria

    18. B Transfer Services Ltd

    19. B Transfer Services Ltd. UAE

    20. B Transfer Services Uganda

    21. Bancroft Way Ltd

    22. BitPesa Kenya Ltd.

    23. BitPesa RDC SARL

    24. BitPesa Senegal Ltd.

    25. BitPesa South Africa

    26. BitPesa Tanzania Ltd.

    27. BitPesa Uganda Ltd.

    28. Bitvo, Inc.

    29. Blockfolio Holdings, Inc.

    30. Blockfolio, Inc.

    31. Blue Ridge Ltd

    32. BT Payment Services Ghana

    33. BT Payment Services South Africa

    34. BT Payments Uganda

    35. BT Pesa Nigeria Ltd.

    36. BTC Africa S.A.

    37. BTLS Limited Tanzania

    38. Cardinal Ventures Ltd

    39. Cedar Bay Ltd

    40. Cedar Grove Technology Services, Ltd

    41. Clifton Bay Investments LLC

    42. Clifton Bay Investments Ltd

    43. CM-Equity AG

    44. Corner Stone Staffing

    45. Cottonwood Grove Ltd

    46. Cottonwood Technologies Ltd.

    47. Crypto Bahamas LLC

    48. DAAG Trading, DMCC

    49. Deck Technologies Holdings LLC

    50. Deck Technologies Inc.

    51. Deep Creek Ltd

    52. Digital Custody Inc.

    53. Euclid Way Ltd

    54. Exchange 4 Free Seychellen

    55. Exchange 4Free Australia Br.

    56. Exchange 4Free Ltd.

    57. Exchange 4Free South Africa Br.

    58. Exchange 4Free Swiss Branch

    59. Finfax Company

    60. FTX (Gibraltar) Ltd

    61. FTX Canada Inc

    62. FTX Certificates GmbH

    63. FTX Crypto Services Ltd.

    64. FTX Digital Assets LLC

    65. FTX Digital Holdings (Singapore) Pte Ltd

    66. FTX EMEA Ltd.

    67. FTX Equity Record Holdings Ltd

    68. FTX Europe AG

    69. FTX Exchange FZE

    70. FTX Hong Kong Ltd

    71. FTX Japan Holdings K.K.

    72. FTX Japan K.K.

    73. FTX Japan Services KK

    74. FTX Lend Inc.

    75. FTX Marketplace, Inc.

    76. FTX Products (Singapore) Pte Ltd

    77. FTX Property Holdings Ltd

    78. FTX Services Solutions Ltd.

    79. FTX Structured Products AG

    80. FTX Switzerland GmbH

    81. FTX Trading GmbH

    82. FTX Trading Ltd


    84. FTX US Derivatives LLC

    85. FTX US Services, Inc.

    86. FTX US Trading, Inc

    87. FTX Vault Trust Company

    88. FTX Ventures Ltd

    89. FTX Ventures Partnership

    90. FTX Zuma Ltd

    91. GG Trading Terminal Ltd

    92. Global Compass Dynamics Ltd.

    93. Good Luck Games, LLC

    94. Goodman Investments Ltd.

    95. Hannam Group Inc

    96. Hawaii Digital Assets Inc.

    97. Hilltop Technology Services LLC

    98. Hive Empire Trading Pty Ltd

    99. Innovatia Ltd

    100. Island Bay Ventures Inc

    101. K-DNA Financial Services Ltd

    102. Killarney Lake Investments Ltd

    103. Ledger Holdings Inc.

    104. LedgerPrime Bitcoin Yield Enhancement Fund, LLC

    105. LedgerPrime Bitcoin Yield Enhancement Master Fund LP

    106. LedgerPrime Digital Asset Opportunities Fund, LLC

    107. LedgerPrime Digital Asset Opportunities Master Fund LP

    108. Ledger Prime LLC

    109. LedgerPrime Ventures, LP

    110. Liquid Financial USA Inc.

    111. LiquidEX LLC

    112. Liquid Securities Singapore Pte Ltd

    113. LT Baskets Ltd.

    114. Maclaurin Investments Ltd.

    115. Mangrove Cay Ltd

    116. North Dimension Inc

    117. North Dimension Ltd

    118. North Wireless Dimension Inc

    119. Paper Bird Inc

    120. Pioneer Street Inc.

    121. Quoine India Pte Ltd

    122. Quoine Pte Ltd

    123. Quoine Vietnam Co. Ltd


    125. Strategy Ark Collective Ltd.

    126. Technology Services Bahamas Limited

    127. Tigetwit Ltd

    128. TransferZero

    129. Verdant Canyon Capital LLC

    130. West Innovative Barista Ltd.

    131. West Realm Shires Financial Services Inc.

    132. West Realm Shires Services Inc.

    133. Western Concord Enterprises Ltd.

    134. Zubr Exchange Ltd

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