FTX Trading Ltd. 2019 Kids T-Shirt
Crypto Kids T-Shirt
designed and sold by JCD666
FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"), is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund based in the Bahamas. The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and, at its peak in July 2021, had over one million users and was the third-largest cryptocurrency exchange by volume. In October 2022, it was reported that FTX was under investigation, and the firm collapsed in early November 2022 following a report highlighting potential leverage and solvency concerns involving FTX-affiliated trading firm Alameda Research, the quantitative trading firm also run by Bankman-Fried, that held $5 billion in FTT, the native coin of FTX.
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