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.
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
WYDE Newsroom has published 4 articles about FTX, from Jul 18, 2026 to Sep 13, 2026. FTX is the subject of 3 stories and a founder in 1 story. The most recent is Sam Bankman-Fried Asks the Supreme Court to Void His Fraud Conviction and $11 Billion Forfeiture.
Sam Bankman-Fried Asks the Supreme Court to Void His Fraud Conviction and $11 Billion Forfeiture
The FTX founder's petition argues jurors never heard that customers were repaid, and that the $11.02 billion forfeiture is an unconstitutional excessive fine.
Sep 13, 2026 · 2 min read · Subject of the story
WYDE WeeklyJPMorgan Warns Food Inflation Could Double, Citi Will Custody Bitcoin, and EAT Tops Charity Tokens. Over 65,000 Meals.
Record child hunger and food insecurity collide with a wall of institutional crypto money, from Citi custody to the SEC and Treasury rulebooks, plus $105 billion for one AI data center. This week in the WYDE Newsroom.
Aug 22, 2026 · 7 min read · Subject of the story
Crypto & DeFiThe CFTC Closes Its FTX Cases With Five-Year Trading Bans for Caroline Ellison and Gary Wang and No Fines
Consent orders filed Tuesday in the Southern District of New York ended a case opened in December 2022. The CFTC sought no monetary penalty and no disgorgement, citing the pair's cooperation against Sam Bankman-Fried.
Aug 21, 2026 · 2 min read · Subject of the story
WYDE WeeklyVisa built stablecoin rails, Wyoming set a giving record, and the EAT Card hit the App Store. Over 60,000 meals.
WYDE Weekly: Visa's stablecoin platform, DTCC's first live tokenized trades, the Senate's unanimous no-pardon vote on SBF, WyoGives' record $6.46 million, Lilly's $100 billion endowment, and the EAT Card iOS launch.
Jul 18, 2026 · 6 min read · Founder
Reported alongside FTX
- Sam Bankman-Fried · in 3 stories with FTX
- Commodity Futures Trading Commission · in 2 stories with FTX
- U.S. Department of Justice · in 2 stories with FTX
- Caroline Ellison · in 2 stories with FTX
- Gary Wang · in 2 stories with FTX
- Advent International · in 1 story with FTX
- Augmodo · in 1 story with FTX
- Binance · in 1 story with FTX
Sources
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