FTX
- Failure type
- Fraud
- Date
- November 2022
- Reported loss
- Billions of dollars in customer funds misused (publicly reported estimate)
What happened
One of the largest exchanges globally collapsed within days after reporting revealed customer deposits had been comingled with, and lent to, a sister trading firm. Its founder was later convicted on multiple counts of fraud.
What to take from it
Scale, celebrity endorsements and slick branding say nothing about whether customer funds are actually segregated from the company's own trading book.
Dates and figures are widely reported public estimates from coverage at the time, not KripZen's own audited data.
Where it sits on the record
The documented exchange failures we track, in the order they happened.
- 2014Mt. Gox
- 2015Bitstamp
- 2016Bitfinex
- 2016The DAO
- 2017Parity Multisig Wallet Freeze
- 2018BitConnect
- 2018Coincheck
- 2019Binance
- 2019Bitfinex / Crypto Capital
- 2019QuadrigaCX
- 2020KuCoin
- 2022Celsius Network
- 2022Crypto.com
- 2022FTX (You are here)
- 2022Ronin Bridge
- 2022Terra / LUNA
- 2022Three Arrows Capital
- 2022Wormhole
- 2023HTX (formerly Huobi)
- 2024DMM Bitcoin
- 2025Bybit