UP278 The FTX Ripple

FTX, the second biggest cryptocurrency exchange filed for bankruptcy in the US, and the company's founder Sam Bankman-Fried, previously referred to as the King of Crypto, stepped down as chief executive. In the filing, FTX estimated that it had between $10bn and $50bn in assets and liabilities and more than 100,000 creditors, including some of the biggest names in sport, from the Miami Heat to Tom Brady, Mercedes Formula One team and the MLB. The FTX brand has become a familiar presence...