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Crypto exchange giant FTX collapses, files for bankruptcy

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance. (AP Photo/Kin Cheung, File) File - The FTX logo appears on home plate umpire Jansen Visconti's jacket at a baseball game with the Minnesota Twins on Tuesday, Sept. 27, 2022, in Minneapolis. Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection, Friday, Nov. 11, following its collapse this week. (AP Photo/Bruce Kluckhohn, File)
Crypto exchange giant FTX collapses, files for bankruptcy