FTX filed for bankruptcy in November 2022. This profile is maintained for educational and historical reference purposes only. Always verify current platform status before trading.
Founded 2019 • Bankruptcy Filed November 2022
FTX was a cryptocurrency derivatives exchange founded by Sam Bankman-Fried in 2019. At its peak, it was the second-largest crypto exchange globally, known for innovative products, celebrity endorsements, and aggressive marketing including stadium naming rights.
The exchange collapsed dramatically in November 2022 amid allegations of mismanagement of customer funds and improper lending to Alameda Research, SBF's trading firm. This case study serves as a crucial lesson in crypto exchange risk management.
Innovative futures, options, and leveraged tokens with up to 101x leverage
Native exchange token offering fee discounts and platform perks
Miami Heat arena naming rights, MLB partnerships, Super Bowl ads
Tom Brady, Steph Curry, and other high-profile partnerships
Allegedly lent customer deposits to Alameda Research without permission
Customer and company funds were reportedly commingled improperly
Unable to meet customer withdrawal requests during bank run
Operating without proper licenses in multiple jurisdictions
Derivatives leader
Similar advanced trading features and derivatives products with established track record.
Regulated & secure
Strong regulatory compliance and advanced trading features with margin up to 5x.
Public company
Fully regulated US exchange with transparent financials as a publicly traded company.