FTX

Shut down. The page stays up so old links still land somewhere.

Once the second largest crypto exchange in the world. Founded by Sam Bankman-Fried, reached $32B valuation, sponsored the Miami Heat arena, bought Super Bowl ads, and then spectacularly collapsed in November 2022 when it turned out they were using customer funds to cover losses at Alameda Research. The crash wiped billions off the crypto market and dragged BTC from $21K to $15K. SBF got 25 years in prison. The exchange that taught an entire generation to never trust "trust me bro" and to always keep their coins off exchanges. Gone but never forgotten.