What is FTX
Founded: 2019
FTX is a defunct crypto exchange that was founded by Sam Bankman-Fried. It filed Chapter 11 bankruptcy proceedings in Nov 2022.
FTX was exposed for being insolvent which later transpired to be found using customer funds to fund Alameda Research, a cryptocurrency trading firm, also co-founded by Sam Bankman-Fried. A fraud that went largely unnoticed until it was too late. Many customers have lost significant amounts of their assets.
At its peak, it was the second-largest exchange based on trading volume.
FTX.US
FTX had a splinter company known as FTX.US largely to meet US-specific regulations by trading spot / not derivatives.
Sam and his father Daniel Friedberg claim FTX US was solvent and should not have filed for bankruptcy.
Bankruptcy Documents
All official FTX Group bankruptcy documents that have been filed with the U.S. Bankruptcy Court can be found online at http://cases.ra.kroll.com/FTX/.- Links & Socials
- @FTX_Official