‘I’m Sorry. That’s The Biggest Thing.’ Sam Bankman-Fried and Cryptoworld Lose Big in FTX Meltdown, Company Files For Bankruptcy. by Aqeel · November 11, 2022 Binance said Wednesday it would not purchase FTX in a debacle that has shocked crypto world and driven down the price of Bitcoin. On Friday, FTX announced it filed for bankruptcy. Here’s how it all went down.