https://www.reuters.com/technology/crypto-markets-turmoil-over-ftx-bankruptcy-2022-11-11/
FTX began voluntary Chapter 11 bankruptcy proceedings in Delaware, followed by its affiliated crypto trading fund, Alameda Research, and about 130 other companies.
And when the bankruptcy was announced, bitcoin fell sharply again, dragging down not only the broader crypto market but also most crypto-related stocks, such as MicroStrategy, which owns bitcoin.
How did this happen? It is so hard to answer because FTX is almost universally considered safe, unlike Terra and lender Celsius, which are constantly questioned.
Are you an FTX customer? Keep up with this news!!
