FTX, one of the world’s largest cryptocurrency exchanges, declared bankruptcy on Friday after last week’s revelations that it used billions of dollars in customer assets to bankroll the risky investments of an associated trading firm. That firm, Alameda Research, was founded by Sam Bankman-Fried, the 30-year-old founder and CEO of FTX who resigned Friday.
Price St. Clair is a former reporter for The Dispatch.
