FTX news

FTX was an exchange founded in 2019 that grew to be one of the biggest and most trusted in the crypto space. However, in November 2022 is was revealed that much of the company’s value was locked into its FTT token. A crash in the value of the FTT token led to a run on the exchange which eventually forced it to capitulate, leaving billions of dollars worth of customer funds locked in the exchange.