FTX commences voluntary Chapter 11 proceedings in US

• FTX commences voluntary Chapter 11 proceedings in the United States
• Sam Bankman-Fried has resigned his role as a CEO and remain to assist in orderly transition
• subsidiaries not included in Chapter 11 proceedings:Ledgerx.LLC, FTX Digital Markets, LTD, FTX Australia, and FTX Express Pay

The company says:

• The Chapter 11 filing is a necessary step to develop plans to move forward

The price of Bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term is trading at $16,800 down $750 or -4.27%.

The FTX token FTT is trading at $2.39 down $0.95 or -28.37%. (why is it trading at a level?). Down at $1.82 now...