Search result of FTX

FTX Token, FTT is the native token of the FTX ecosystem that grants access to the features and services of the trading platform and generates utility by incentivizing users to hold and use the token.

This article mainly introduces how to submit a claim in the FTX liquidation.

The collapse of FTX had a profound effect on FTX Token (FTT), most notably through the depletion of liquidity, the loss of core use cases, and the breakdown of its value model. Because FTT was tightly integrated with the exchange, its price and utility were directly tied to the platform's operations. Once FTX faced a liquidity crisis and halted its operations, FTT's trading fee discounts, collateralization, and incentive mechanisms ceased to function, triggering a swift erosion of market confidence. This incident now serves as a key example for evaluating the risk structure of exchange tokens and their reliance on centralized entities.

As the financial fraud actions of FTX's co-founder Sam Bankman-Fried came to light, leading to the collapse of FTX, d'Oringy became one of over a million victims trying to recover lost funds. During the darkest times in cryptocurrency, d'Oringy saw an opportunity and began purchasing FTX’s bankruptcy claims, despite it being a high-risk, high-reward strategy.

FTX Token (FTT) is an exchange platform token launched by the cryptocurrency trading platform FTX. It was mainly used for trading fee discounts, collateral in derivative trading, and user incentive programs. The token's value model relied on an exchange revenue buyback and burn mechanism, with user engagement further strengthened through staking and ecosystem equity. FTT was once considered a leading example of centralized exchange tokens, but following the bankruptcy of the FTX platform, its core functions shifted, making it a significant case study for evaluating risks and mechanisms associated with exchange tokens.

FTX was founded in 2019 by Sam Bankman-Fried and Gary Wang, quickly establishing itself as a major player in the cryptocurrency exchange industry.

FTX founder Sam Bankman-Fried (SBF) recently released a statement via his monitored X account (formerly Twitter), asserting that FTX never actually lost user funds and that the company has repaid almost all legitimate claims. Despite this, the crypto community continues to question his claims. Investigator ZachXBT disclosed that SBF transferred $40 million to Chinese authorities to unlock frozen assets. This development has sparked renewed controversy.

Get the latest on SBF (Sam Bankman-Fried): Trump has confirmed he will not pardon SBF, there are updates on FTX’s liquidation process, and new legal developments that could impact the crypto market. We also analyze what investors should be paying attention to now.

Gate Research Weekly Market Review and Outlook reports. This week, BTC and ETH have entered a consolidation phase, with a predominantly bearish sentiment reflected in the overall contract market. Most tokens on the Pump.fun platform have failed to maintain high market value. The FTX claims voting process is nearing its end, with a massive payout plan awaiting approval. Projects like Sahara have announced significant funding rounds. In the technical realm, Uniswap's revenue growth, FTX incident updates, the WazirX security incident, and the upcoming Monad testnet have garnered attention. The XION project's airdrop plan has sparked community interest. Token unlocks and macroeconomic data releases scheduled for next week are expected to influence market trends.

This article delves into how Solana rebounded from the market downturn caused by the FTX collapse in 2023 and reclaimed its position as a leading public blockchain in the cryptocurrency industry.

The giant Jump Crypto, which once dominated on-chain liquidity, is returning to the encryption stage as an "infrastructure builder." This article reviews its lows from the UST manipulation controversy, the FTX crisis, to the Wormhole hacking incident, and analyzes its recent policy lobbying and the restart of its venture capital layout, providing an in-depth report on its "redemptive transformation."

Proof-of-Reserves (PoR) emerged as a crucial solution in response to a trust crisis triggered by FTX, and it swiftly gained traction among major centralized exchanges (CEX). PoR serves as a means of demonstrating that an exchange's assets significantly exceed its liabilities. This is achieved by structuring asset data into a Merkle Tree format and subjecting it to third-party audits, confirming the exchange's substantial financial backing.

Silvergate was founded by Derek Eisele in 1988 as a tiny community lender in California. It focused on real estate deals in its early days. In 2013, Silvergate began to provide services for digital assets. At the time, cryptocurrencies were rarely accepted by the broader financial community, and even major players on Wall Street knew little about crypto. Silvergate rapidly expanded its business leveraging the crypto boom, but was eventually affected by the collapse of FTX and macro-environmental changes, as well as the improper risk management moves.

The article not only delves into Robinhood's business model, user growth, regulatory challenges, and significant events (such as the GameStop incident and the impact of FTX), but also explores how it achieves a remarkable transformation through strategic shifts and acquisitions, ushering in a highlight moment in 2025.

As the cryptocurrency market rebounds, venture capitalists who have been on the sidelines are now investing in the Web3 industry. It is still low compared to past peaks, which can be attributed to 1) negative events such as Terra Luna and FTX bankruptcy, 2) the mega-trend shift from blockchain to artificial intelligence, and 3) macroeconomic deterioration.