Post
Topic
Board Altcoin Discussion
Re: FTX exchange is going to be bankrupted. What happens to FTX Token?
by
Majestic-milf
on 12/11/2022, 10:22:27 UTC
Yeah, I'm one of those unfortunate guys who got 37k trapped in the FTX exchange.
Sorry to hear about that bro. But I think FTX would still be in operation, but on a low key level. The thing is Sam has filed for a chapter 11 bankruptcy protection, and although he has stepped down as CEO, he has been succeeded by John Ray lll.

 I think this action taken by him is a means for FTX Group to assess the situation and also maximize recoveries for stakeholders and investors alike.