FTX crypto exchange’s new team decided to file for Chapter 11 Bankruptcy in the United States.
FTX was a popular crypto exchange, but a couple of days ago. Now this exchange is not able to provide services because of the mismanagement of the user’s funds. Exchange completely suspended its services, which means users can’t withdraw their funds & also can’t trade. Perhaps the exchange suspended its services due to the low liquidity crisis but still trading of Tron blockchain-supported crypto assets is allowed, thanks to the efforts of Tron founder Justin Sun.
On 11 November, FTX exchange announced via its official Twitter account that the exchange’s new team decided to file for Chapter 11 Bankruptcy, in favour of the benefits of all the FTX stakeholders.
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