FTX exchange
Overview
FTX was a centralized cryptocurrency exchange offering spot and derivatives trading, known for its native token FTT and for collapsing in November 2022 due to fraud and mismanagement, leading to Chapter 11 bankruptcy. It is defunct and no longer operates. Founder Sam Bankman-Fried was convicted of fraud in November 2023 and sentenced to 25 years in prison in March 2024, and the FTX bankruptcy estate began repaying creditors in 2025.
Within the DeFi Intel graph, FTX connects to its founder, Sam Bankman-Fried.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
founded_by | Sam Bankman-Fried | 95% |
Frequently asked questions
What is FTX?
FTX was a centralized cryptocurrency exchange founded by Sam Bankman-Fried, known for its derivatives products and its native token FTT.
What caused FTX's collapse?
FTX collapsed after the revelation that customer funds were improperly transferred to its sister hedge fund, Alameda Research, leading to a liquidity crisis and fraud allegations.
What was the FTT token?
FTT was the native utility token of the FTX exchange, used for trading fee discounts and other platform benefits.
What is FTX connected to?
In the DeFi Intel knowledge graph, FTX is linked to its founder, Sam Bankman-Fried, who was convicted of fraud and sentenced to 25 years in prison.
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