[arista]

[Embattled cryptocurrency exchange FTX
has filed for bankruptcy in the US,
seeking court protection as it looks
for a way to return money to users.

Former boss Sam Bankman-Fried
has also stepped down as chief executive,
the company said.

It is a massive turn of fortunes
for the 30-year-old,
who had headed the
world's second largest crypto exchange.]

https://www.bbc.co.uk/news/business-63601213


BBC Text:
[The FT Weekend leads with the "stunning collapse"
of cryptocurrency firm FTX,
after the $32bn (£27bn) group filed for bankruptcy
in the US. The paper says
the volatile industry has been
"rocked" by the failure of the
"once high-flying" company,
with the world's most valuable
decentralised digital currency Bitcoin
dropping to a two-year low
following the news.]




Life In The City.