On the #bankruptcy beat, it looks like #crypto exchange #FTX is about to join #Cred and #Celcius into the world of insolvency. FTX was seeking to be bought out by competitor Binance, but it looks like once it saw FTX's balance sheets it immediately pulled out of the deal.

FTX is stating that its American unit is insulated from all the turmoil... but that seems rather unlikely from the surface.