Inside the Collapse of FTX

CRISIS COMMITTEE

At its peak, FTX and its enigmatic founder, Sam Bankman-Fried, presented a new vision for the world of cryptocurrency. Up to that point, cryptocurrency had been plagued by scandal, and it had become a key medium for money laundering and international crime. By contrast, FTX pledged its profits to noble causes in line with its founders’ belief in effective altruism, and it had the endorsement of celebrities from Tom Brady to Larry David. Behind this veneer of legitimacy, however, lay a web of deceit and fraudulent activity that would lead to FTX’s collapse in November 2022. In this committee, delegates will be on the inside of the exchange’s implosion, and it will be their job to shape the future of the cryptocurrency landscape.