company
FTX
FTX Trading Ltd. is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. Sam Bankman-Fried and Zixiao "Gary" Wang founded it in May 2019. It filed for Chapter 11 bankruptcy in November 2022.
Chief executive officer
John J. Ray III
Key facts
- Founded
- May 2019source
- Founders
- Sam Bankman-Fried and Zixiao "Gary" Wangsource
- Headquarters
- The Bahamassource
- Valuation
- July 2021; raised $900 million at an $18 billion valuationsource
- Bankruptcy
- Filed for Chapter 11 bankruptcy in November 2022source
- CFTC order
- $12.7 billion in monetary relief: $8.7 billion restitution and $4 billion disgorgementsource
WYDE coverage of FTX
Crypto & DeFi
Sam Bankman-Fried Asks the Supreme Court to Void His Fraud Conviction and $11 Billion Forfeiture
Sep 13, 2026 · 2 min read
NewsletterJPMorgan Warns Food Inflation Could Double, Citi Will Custody Bitcoin, and EAT Tops Charity Tokens. Over 65,000 Meals.
Aug 22, 2026 · 7 min read
Crypto & DeFiThe CFTC Closes Its FTX Cases With Five-Year Trading Bans for Caroline Ellison and Gary Wang and No Fines
Aug 21, 2026 · 2 min read
NewsletterVisa built stablecoin rails, Wyoming set a giving record, and the EAT Card hit the App Store. Over 60,000 meals.
Jul 18, 2026 · 6 min read
Sources
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