FTX (2022) – $477 Million Stolen

FTX collapsed in November 2022 amid one of the worst financial scandals in crypto history. Post-bankruptcy, $477 million in crypto mysteriously vanished. It’s widely suspected to be an inside job, occurring within hours of the exchange’s shutdown. While co-founder Gary Wang walked free, Sam Bankman-Fried received 25 years in prison and was ordered to repay $11 billion.

➡️ Lesson: Mismanagement and lack of internal controls can be more dangerous than external threats.

#CryptoScandal #FTXCollapse $BTC $ETH