Why did FTX collapse? Everything you need to know!

Alisonburgers03 Dec, 2022Games

FTX was established in 2018 by current CEO Sam Bankman-Fried, a trader on Jane Street Capital?s international ETF desk, and present CTO Gary Wang, a former Google software engineer. FTX was similarly developed and incubated by Alameda and successfully raised $8 million throughout three fundraising rounds. Following the Seed and Corporate rounds in 2019, the Series B round was finished on March 2, 2020, and Liquid Value Capital contributed to the funding. FBG Capital, Greylock Partners, Kenetic, One Block Capital, and Proof of Capital all invested in the Seed round, while Binance served as the round?s Lead Investor.