The Rise and Fall of Bankman-Fried's FTX

FTX, once valued at $32 billion, is now under investigation by US authorities for mishandling customer funds. The collapse of its financial ties with Alameda and the plummeting value of its FTT token have led to a liquidity crisis. Binance initially considered acquiring FTX but backed out due to the financial instability. Major investors like Sequoia have written down their investments to zero, and FTX is working to raise liquidity to repay clients and investors.

How much was FTX valued at before the recent financial troubles?

What were the main concerns regarding FTX's handling of customer funds?

What actions did the CEO of Binance take regarding FTT tokens?

What was the estimated hole in FTX's balance sheet according to reports?

What steps is Sam Bankman-Fried taking to address the liquidity issues at FTX?