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‘It’s All Gone’: FTX Bankruptcy Has Retail Traders Bracing for Losses

Investors with holdings on the platform likely have a long, painful process ahead  after Sam Bankman-Fried’s company filed for Chapter 11 Friday.

Bloomberg business news
The Collapse of FTX Ripples Through Crypto Markets
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For a little while, it appeared some of FTX’s American customers might escape the worst-case scenario confronting the beleaguered crypto platform.

FTX US, a separate entity from Sam Bankman-Fried’s, tweeted Thursday that it was still operational and withdrawals were being processed as normal, even as the rest of the company came crashing down.