Crypto exchange FTX files bankruptcy

After the greatest blowup in the cryptocurrency business prompted

calls for greater regulation, crypto exchange FTX

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filed for U.S. bankruptcy protection on Friday

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and its creator Sam Bankman-Fried resigned as CEO.

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Traders hurried to remove $6 billion from the struggling cryptocurrency

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trading platform in only 72 hours, while rival exchange Binance

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abandoned a potential rescue arrangement this week

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making it difficult for the company to raise billions to prevent collapse.

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