FTX files for bankruptcy, SBF resigns

FTX to file for U.S. bankruptcy protection, CEO Bankman-Fried resigns – Reuters

Chapter 11 bankruptcy
So in a week, we went from “the inevitable future of finance” straight to Chapter 11 bankruptcy. I’m sure it’s just early days though.

On a side note

do not, under any circumstances, tweet through SEC and DOJ investigations.

See also: “Complete failure of corporate controls