FTX Files for Bankruptcy

One of the biggest cryptocurrency exchanges has filed for bankruptcy, going from being worth $30 billion to being $8 billion in the hole. The company's 30-year-old CEO, Sam Bankman Fried, resigned, and his $16 billion fortune erased. At its peak, the crypto exchange was worth $32 billion and benefited from superstar endorsements from Tom Brady, Giselle Bunchen, Naomi Osaka, and Steph Curry.