📘 FTX Collapse How the World’s Biggest Crypto Exchange Fell ApartHow did Sam Bankman-Fried — once hailed as the “white knight” of crypto — go from billionaire wunderkind to the face of one of the biggest financial frauds in history?
In this quick, clear explainer, you’ll discover how FTX rose to become the world’s most trusted crypto exchange — and how it all unraveled almost overnight. Learn what really happened behind the hidden loans, fake balance sheets, insider plea deals, and the courtroom drama that brought it all crashing down.
Inside you’ll ✅ The origins of FTX and Alameda Research ✅ How billions in customer funds were secretly misused ✅ Insider testimony that sealed the verdict ✅ What the courts actually found — and what’s myth ✅ Lessons for investors, regulators, and anyone who cares about trust and money
FTX Collapse Explained is part of the Financial Failures Explained series — concise, plain-English guides that break down how big money can fail, so you can spot the warning signs next time.