FTX

🧬 AI profile — grown from 6ic coverage FTX is a bankrupt cryptocurrency derivatives exchange that filed for Chapter 11 bankruptcy protection in November 2022 after a liquidity crisis. The company's collapse led to a significant loss for its customers and investors, with many seeking relief through a bankruptcy settlement. As a key player in the cryptocurrency market, FTX's financial struggles have had far-reaching consequences for the industry as a whole.