FTX

FTX is a cryptocurrency exchange that collapsed in 2022. Its bankruptcy proceedings and the fraud case against founder Sam Bankman-Fried (SBF) continue to affect creditors and the market. FTX recently began its fifth round of repayments, with $900 million expected to be distributed. SBF’s appeal was rejected, and U.S. political opposition to a pardon remains. Tracking FTX offers insight into creditor recoveries, legal accountability and the long-term effects of exchange failures on crypto regulation and market liquidity.