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FTX files for bankruptcy as CEO Sam Bankman Fried resigns

The crypto exchange has appointed a new CEO as it scrambles to repay creditors, customers and investors. The group of companies will continue to operate normally and pay creditors over time according to Chapter 11 of the United States Bankruptcy code.

Embattled cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the United States. This comes days after a significant spike in withdrawal requests exposed the company as insolvent.

The bankruptcy filing shows that about 130 other business entities tied to FTX are seeking protection from creditors as well.

CEO Sam Bankman-Fried has also resigned.

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VACC hosts crypto training session for Kenyan lawmakers

VACC hosts crypto training session for Kenyan lawmakers

The training session, supported by Binance, looked to help the regulators gain hands-on experience on the workings of digital assets before passing regulations.

Quidax’s CEO Okoro appeals for global collaboration to grow Africa’s crypto ecosystem

Quidax’s CEO Okoro appeals for global collaboration to grow Africa’s crypto ecosystem

Okoro, who spoke at Coindesk’s Consensus 2025, said Africa’s crypto potential will remain locked unless global stakeholders partner with local ones.

Nigeria plans to develop new blockchain policy, again

Nigeria plans to develop new blockchain policy, again

Two years ago, the country launched a blockchain policy, which it has not implemented yet. Now, it is ditching the document in favor of a new policy.

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