Until late 2022, FTX was one of these trading platforms. Sam Bankman-Fried started FTX in 2019. Customers began opening accounts on FTX to trade and buy cryptocurrency, and top venture capital investors started pouring in. By January 2022, the company was worth $32 billion. However, that cam...
According to a motion from FTX Trading Ltd and affiliated debtorsfiledwith the United States Bankruptcy Court for the District of Delaware on May 1, Ryan Salame has agreed to give up a $5.9 million house he owns in the Bahamas. Salame pleaded guilty to criminal charges in September 2023 and...
aquantitative tradingfirm and sister company also run by Bankman-Fried, consisted of FTT and other tokens invented and controlled by FTX and its insiders, rather than fiat currency or cryptocurrency with market-driven, time-tested value.