FTX and FTX U.S filed for bankruptcy

After the rumors spreading about FTX insolvency many people rushed to take out their funds from FTX.

Which created a bank run and in terms FTX wasn't able to fulfill all its withdrawals.

Then we learned that Binance proposed to acquire FTX but then backed from the deal after seeing how lost the situation was, and how big the hole.

Even if SBF stated in a tweet that FTX U.S was fine and liquid yesterday he included it in the bankruptcy notice today.

As of today FTX group filed for chapter 11 bankruptcy here is the official statement.

We will keep you updated on the matter and what will happen to the depositor's funds.