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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo and Alex Hern

Cryptocurrency exchange FTX files for bankruptcy protection in US

Illustration shows FTX logo and representation of cryptocurrencies
FTX’s fall from the top of the crypto industry started last week. Photograph: Dado Ruvić/Reuters

One of the world’s biggest cryptocurrency exchanges, FTX, has filed for bankruptcy protection in the US amid warnings the embattled industry faces a 2008-style crisis.

FTX’s founder, Sam Bankman-Fried, also resigned as chief executive after a precipitous fall from grace that began last week with reports about the financial structure of his crypto empire.

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