FTX.com exchange collapse

Earlier this month, Coindesk published a report that Bankman-Fried’s investment firm Alameda Trading’s balance sheet was relying on FTX’s cryptocurrency token, known as FTT. Around this time, Zhao sold a massive trove of FTT, which ultimately triggered FTX’s bankruptcy.

_12__SBF_on_Twitter___15__A_few_weeks_ago__FTX_was_handling___10b_day_of_volume_and_billions_of_transfers__But_there_was_too_much_leverage--more_than_I_realized__A_run_on_the_bank_and_market_crash_exhausted_liquidity__So_what_can_I_try_to_d
Tweet from CEO. Sam Bankman-Fried