Benzinga

FTX

FTX was a cryptocurrency exchange launched in 2019 by Sam Bankman-Fried and Gary Wang, quickly becoming one of the largest platforms for trading digital assets, derivatives, and tokenized products. Known for its innovative offerings, FTX collapsed in November 2022 following a severe liquidity crisis and allegations of mismanagement, leading to one of the most high-profile bankruptcies in the crypto industry. Its downfall has had lasting impacts on regulation and trust in digital asset markets.



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