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FTX Latest: Employees Explore Sale of US Derivatives Exchange

Bloomberg business news
WATCH: The crisis has left crypto investors in shock and looks set to cause more contagion. Anna Irrera reports.Source: Bloomberg
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Sam Bankman-Fried’s digital-asset empire filed for Chapter 11 bankruptcy in Delaware. His crypto trading company, Alameda Research, listed at least $10 billion of assets and liabilities each. 

Cyprus has suspended FTX’s license to operate an investment business in Europe. The crisis could lead to a tightening of US and EU crypto regulations. Wider crypto markets were hit by the fallout, with Bitcoin falling more than 8% at one point. Former Treasury Secretary Lawrence Summers compared the meltdown to that of Enron Corp.