(AP) — Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week.
FTX Trading said its CEO and founder Sam Bankman-Fried has resigned.
FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run but the deal fell through.
Customers fled the exchange after becoming concerned about whether FTX had sufficient capital.
