🚨 FTX: The $8B Crypto Scam That Shattered Trust
In late 2022, FTX—once a top crypto exchange—suddenly filed for bankruptcy. Its CEO, Sam Bankman-Fried (SBF), was arrested after revelations that FTX misused over $8 billion in customer funds via Alameda Research. Investors were blindsided. Major coins crashed. Institutions lost millions. SBF, once called the "crypto genius," became the face of fraud. The shock was so severe it triggered massive outflows from centralized exchanges. This wasn’t just a scam—it was a wake-up call.
Has the crypto industry truly learned its lesson?
