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  1. www.investopedia.com › what-went-wrong-with-ftx-6828447The Collapse of FTX: What Went Wrong With the Crypto Exchange?

    Jun 6, 2024 · FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the...

  2. en.wikipedia.org › wiki › Bankruptcy_of_FTXBankruptcy of FTX - Wikipedia

    The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.

  3. www.nytimes.com › 2022/11/10 › technologyWhy Did FTX Collapse? Here’s What to Know. - The New York Times

    Nov 10, 2022 · Last week, the cryptocurrency exchange FTX filed for bankruptcy and its chief executive, Sam Bankman-Fried, resigned, a downfall that has stunned crypto insiders and sent shock waves through...

  4. www.nytimes.com › article › ftx-bankruptcy-crypto-collapseHere’s the Latest on the FTX Collapse - The New York Times

    Nov 28, 2022 · FTX, one of the world’s largest cryptocurrency exchanges, collapsed with stunning speed this month. A run on deposits left the company owing customers $8 billion, setting off a chain of events ...

  5. www.bbc.com › news › business-63601213Crypto giant FTX collapses into bankruptcy - BBC

    Nov 11, 2022 · Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Former boss Sam Bankman-Fried has also stepped...

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