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1. • Went bankrupt

     • 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 exchange, was sentenced to 25 years in prison and ordered to repay $11 billion.
     www.investopedia.com › what-went-wrong-with-ftx-6828447

     The Collapse of FTX: What Went Wrong With the Crypto Exchange?

2. People also ask

   What happened to FTX?

   • Nov. 7: FTX announces liquidity crisis and seeks bailout from venture capitalists and Binance. Nov. 8: Binance says it will buy FTX's non-U.S. business. Nov. 9: Binance walks away from FTX acquisition after conducting due diligence. More FTX customers withdraw funds. Nov. 10: The Bahamas freezes assets of FTX's local subsidiary.

   The Collapse of FTX: What Went Wrong With the Crypto Exchange?

   www.investopedia.com/what-went-wrong-with-ftx-6828447

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   Why did FTX fail in 2022?

   • FTX failed in spectacular fashion when users, worried about the exchange’s solvency, began pulling out their money en masse in 2022. The collapse triggered a surge in outflows across other global crypto exchanges, leading to a catastrophic fiasco.

   Nearly all FTX customers are getting their money back: What to know

   www.latimes.com/business/story/2024-05-09/ftx-crypto-money-back

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   Which exchanges were affected by the FTX collapse?

   • Other exchanges were affected by the FTX collapse, including BlockFi, which filed for bankruptcy on Nov. 28, 2022. FTX is a now-defunct cryptocurrency exchange founded by Sam Bankman-Fried in 2019, who served as CEO until Nov. 11. The exchange issued its own token, FTT, and was the fourth-largest crypto exchange by volume as of Nov. 9.

   FTX Crash: Timeline, Fallout and What Investors Should Know

   www.nerdwallet.com/article/investing/ftx-crash

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   How did FTX affect the crypto market?

   • FTX’s troubles had a profound effect on the U.S. crypto market: Bitcoin’s price dipped below $16,000 on Nov. 9, 2022 and again on Nov. 14. $3.2 billion in Bitcoin was taken off exchanges between Nov. 8 and Nov. 15, 2022. Ethereum's price dipped below $1,100 on Nov. 9, 2022.

   FTX Crash: Timeline, Fallout and What Investors Should Know

   www.nerdwallet.com/article/investing/ftx-crash

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3. www.investopedia.com › what-went-wrong-with-ftxThe Collapse of FTX: What Went Wrong With the Crypto Exchange?

   www.investopedia.com › what-went-wrong-with-ftx

   • Cached

   May 10, 2024 · Leading cryptocurrency exchange FTX was once valued at $32 billion, but it collapsed in a matter of days in November 2022. Find out how it fell apart.

4. www.nbcnews.com › tech › cryptoSam Bankman-Fried and the FTX collapse, explained - NBC News

   www.nbcnews.com › tech › crypto

   • Cached

   Nov 18, 2022 · Nov. 18, 2022, 8:39 AM PST. By Elizabeth Napolitano and Brian Cheung. It’s a collapse that some have called crypto’s “Lehman moment.” The bankruptcy of the crypto giant FTX and the resignation of...

5. Top Stories

   • News about Ryan Salame, Forbes, FTX

     • Decrypt

       Convicted FTX Exec Ryan Salame Says He'll Soon 'Share What Really Happened' - Decrypt

       18 hours ago

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       Forbes

       Former FTX Exec Ryan Salame Gets 7.5 Years In Prison

       2 days ago

   • News about Galaxy Digital, FTX, Solana tokens
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       Forbes

       This Crypto Billionaire’s Fund Could Reap More Than $1 Billion From The FTX Bankruptcy

       1 day ago

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       Benzinga

       SOL Down 3% As FTX Bankruptcy Estate Concludes Solana Token Sales

       6 days ago

   • News about Fenwick, Donald Trump, FTX

     • Bloomberg Law

       Fenwick ‘Directly Involved’ in FTX Misconduct, Examiner Says

       6 days ago

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       Time via Yahoo Finance

       Why Donald Trump Has Embraced Crypto

       7 days ago

   • Also in the news

     • The Cointelegraph

       Ex-FTX CEO ends up in Oklahoma prison despite request from judge

       7 days ago

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       TechCrunch

       Crypto’s crown prince stumbles

       1 day ago

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       Newsweek

       The Supreme Court Is About To Make Congress Reinvent Itself

       17 hours ago

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       Benzinga

       Where Is Ethereum's Price Headed 5 Days After The ETF Approval?

       2 days ago

6. Videos

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     6:04

     youtube.com

     The FTX Collapse, Explained | WSJ What Went Wrong

     Nov 14, 2022

     2.1M Views

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     38:37

     youtube.com

     The Collapse Of FTX: Insiders Tell All | CNBC Documentary

     Oct 2, 2023

     3.3M Views

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     12:37

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     What Happened To FTX? The FTX Collapse Explained

     Dec 5, 2022

     106.4K Views

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7. www.nerdwallet.com › article › investingFTX Crash: Timeline, Fallout and What Investors Should Know

   www.nerdwallet.com › article › investing

   • Cached

   Nov 10, 2022 · FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins...

   • Author: Dalia Ramirez

8. www.theverge.com › 2022/11/30 › 23484331Here’s everything that went wrong with FTX - The Verge

   www.theverge.com › 2022/11/30 › 23484331

   Nov 30, 2022 · Nov 30, 2022, 12:21 PM PST. The Verge. FTX’s sudden and catastrophic collapse sent reverberations throughout the entire cryptocurrency industry. What was once the third-largest cryptocurrency...

   • Author: Emma Roth

9. www.latimes.com › business › storyNearly all FTX customers are getting their money back: What ...

   www.latimes.com › business › story

   May 9, 2024 · What happened to FTX? FTX failed in spectacular fashion when users, worried about the exchange’s solvency, began pulling out their money en masse in 2022. The collapse triggered a surge in...

   • Email: andrea.chang@latimes.com

   • Occupation: Staff Writer

10. www.usatoday.com › story › moneyFTX scandal explained: Class action lawsuit, bankruptcy, and more

    www.usatoday.com › story › money

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    Nov 17, 2022 · Nov. 13: News organizations begin reporting that much of the money transferred out of FTX in its final hours has disappeared. Nov. 14: Multiple regulators reportedly begin looking into criminal...

11. www.forbes.com › sites › darreonnadavisWhat Happened To FTX? The Crypto Exchange Fund’s ... - Forbes

    www.forbes.com › sites › darreonnadavis

    • Cached

    Jun 2, 2023 · By Nov. 17, 2022, FTX officially collapsed along with its 101 debtors who were all included in the Chapter 11 bankruptcy filing.