FTX: The Anatomy of a Crypto Catastrophe

· 6 min · Video

Filed under Companies

In the span of just three years, FTX transformed from a niche cryptocurrency startup into a multi-billion dollar juggernaut, heralded by global celebrities and institutional investors alike as the reliable bedrock of the digital economy. With a staggering $32 billion valuation and an aggressive campaign to dominate the cultural zeitgeist, FTX seemed destined to redefine modern finance. But behind the polished veneer of stadium naming rights and political influence, the firm was masking a hollow foundation built on manufactured tokens, internal backdoors, and the systemic theft of customer deposits.

This documentary meticulously chronicles the rise and ruin of FTX, drawing on a rigorous investigation of over 204 verified primary sources, including court filings, official bankruptcy reports, and contemporaneous forensic analysis. From its inception in 2019 to the chaotic bank run of 2022 and the eventual sentencing of its founder, we peel back the layers of deception to reveal how a lack of basic corporate governance led to one of the most significant financial catastrophes in modern history.

*CHAPTERS*
00:00 Introduction
02:30 The Fatal Flaw: Alameda Research
03:57 The Collapse: A 72-Hour Bank Run
05:03 Bankruptcy and The Aftermath
06:03 The Legacy of Failure

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