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Tom Brady and Steph Curry’s Crypto Firm Is Bankrupt
“FTX Group Companies commence voluntary Chapter 11 proceedings in the United States,” the firm said in a statement posted on Twitter. Founding CEO Sam Bankman-Fried also resigned, FTX said in the statement. “In order to begin an orderly process to review and monetize assets for the benefit of all global stakeholders, John J. Ray III has been appointed Chief Executive Officer of the FTX Group,” FTX said.
