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Why FTX Collapsed

beginner6 min
🎯What You'll Learn

Your trust in a seemingly secure crypto exchange might have been misplaced. You'll learn how a multi-billion dollar empire crumbled due to alleged fraud, not just market volatility.

📉

FTX, once valued at $32 billion and a major player in crypto, collapsed in November 2022, wiping out billions in customer funds and sending shockwaves through the financial world.

This wasn't just a market downturn; it was a spectacular implosion that led to criminal charges against its founder, Sam Bankman-Fried, highlighting significant vulnerabilities in the crypto ecosystem.