Timeline of Cryptocurrency Exchange FTX’s Epic Collapse

Published by
The Street

By Luc Olinga The FTX cryptocurrency exchange was valued at $32 billion in February. It imploded within days, causing one of the biggest financial fiascos of the decade. On January 31, 2022, FTX announced that it had raised $400 million from major investors such as Softbank, Temasek, Tiger Global and others. The funding propelled its valuation to $32 billion, more than many long-established companies. As TheStreet wrote at the time, it was a big jump of $7 billion in valuation in just three months. Ten months later, the platform, which allows you to buy and sell cryptocurrencies like bitcoin (…

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