FTX’s Fall: How a Crypto Giant Collapsed and Shook the World

Once hailed as a visionary, Sam Bankman-Fried built FTX into a multi-billion-dollar crypto exchange that captivated investors and regulators alike. His story was one of brilliance, ambition, and philanthropy — until cracks appeared beneath the surface.

Behind the scenes, customer funds were allegedly misused to cover risky bets and personal expenses. The resulting liquidity crisis unfolded rapidly, culminating in FTX’s bankruptcy and triggering criminal investigations that rocked the crypto world.

This spectacular collapse not only wiped out billions but also shattered confidence in crypto’s promises of transparency and security.

The saga of FTX serves as a cautionary tale about unchecked ambition and the urgent need for better oversight in digital finance. It also highlights the human drama behind headlines — from lavish parties to desperate legal battles.

For ongoing coverage and analysis of the FTX fallout and its implications, consult recent investigative reports and regulatory updates. ^{1 4}