FTX
CryptoBahamasClosed 2022
Total Raised
$1.80B
Peak Valuation
$32B
Employees
300
Year Collapsed
2022
Business model
Cryptocurrency exchange and trading platform, alongside sister trading firm Alameda Research.
In brief
One of the world's largest cryptocurrency exchanges, FTX collapsed within days in November 2022 after reporting revealed it had secretly funneled billions of dollars in customer funds to its affiliated trading firm, Alameda Research, to cover losses. It filed for bankruptcy, and…
See the What Happened tab for the full account.
Key facts
- Founded
- 2019
- Closed
- 2022
- Headquarters
- Nassau, Bahamas
- Industry
- Crypto
- Employees
- 300
- Revenue
- Undisclosed
- Founders
- Sam Bankman-Fried, Gary Wang
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Often compared with: Coinbase, Kraken, Binance.