{"id":149941,"date":"2022-11-11T15:25:08","date_gmt":"2022-11-11T21:25:08","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/11\/ftx-cryptocurrency-platform-goes-bankrupt-and-bankman-fried-resigns"},"modified":"2022-11-11T15:25:08","modified_gmt":"2022-11-11T21:25:08","slug":"ftx-cryptocurrency-platform-goes-bankrupt-and-bankman-fried-resigns","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/11\/ftx-cryptocurrency-platform-goes-bankrupt-and-bankman-fried-resigns","title":{"rendered":"FTX cryptocurrency platform goes bankrupt and Bankman-Fried resigns"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/ftx-cryptocurrency-platform-goes-bankrupt-and-bankman-fried-resigns2.jpg\"><\/a><\/p>\n<p>The embattled company finally declares its insolvency.<\/p>\n<p>The head of the FTX cryptocurrency platform Sam Bankman-Fried has officially declared the company bankrupt and resigned from his position in a statement. FTX in a not-surprising move has finally declared its insolvency. After a long stretch of financial difficulties, after having saved many other cryptocurrency companies.<\/p>\n<p>The company had been doling out Bitcoin at a rapid rate and found itself in trouble earlier this year. The head of the company, Sam Bankman-Fried had made headlines by saying he would give away his billions to help other cryptocurrency companies.<\/p>\n<p>Bitcoin, who lost millions on FTX\u2019s bid to be bought by Binance as their decision-makers decided not to bail out the company when it began to flounder.<\/p>\n<hr>\n<p>Getty Images.<\/p>\n<p>FTX in a not-surprising move has finally declared its insolvency. After a long stretch of financial difficulties, after having saved many other cryptocurrency companies.<\/p>\n<div class=\"more-link-wrapper\"> <a class=\"more-link\" href=\"https:\/\/lifeboat.com\/blog\/2022\/11\/ftx-cryptocurrency-platform-goes-bankrupt-and-bankman-fried-resigns\">Continue reading \u201cFTX cryptocurrency platform goes bankrupt and Bankman-Fried resigns\u201d | &gt;<\/a><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The embattled company finally declares its insolvency. The head of the FTX cryptocurrency platform Sam Bankman-Fried has officially declared the company bankrupt and resigned from his position in a statement. FTX in a not-surprising move has finally declared its insolvency. After a long stretch of financial difficulties, after having saved many other cryptocurrency companies. The [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,1761,45],"tags":[],"class_list":["post-149941","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrencies","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/149941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=149941"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/149941\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=149941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=149941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=149941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}