The Collapse of FTX
The Collapse of FTX
Winning Bid
Cormint
30M sats
$19,340.59
Make Offer
We will email you if the seller accepts your offer.
Bids
30,000,000 sats
0.3 BTC
27,000,000 sats
0.27 BTC
25,000,000 sats
0.25 BTC
20,000,000 sats
0.2 BTC
20,000,000 sats
0.2 BTC
16,500,000 sats
0.165 BTC
16,500,000 sats
0.165 BTC
16,000,000 sats
0.16 BTC
15,500,000 sats
0.155 BTC
15,000,000 sats
0.15 BTC
12,500,000 sats
0.125 BTC
12,000,000 sats
0.12 BTC
10,500,000 sats
0.105 BTC
10,000,000 sats
0.1 BTC
9,500,000 sats
0.095 BTC
9,000,000 sats
0.09 BTC
8,500,000 sats
0.085 BTC
8,000,000 sats
0.08 BTC
6,000,000 sats
0.06 BTC
5,500,000 sats
0.055 BTC
5,000,000 sats
0.05 BTC
3,800,000 sats
0.038 BTC
3,700,000 sats
0.037 BTC
3,600,000 sats
0.036 BTC
3,500,000 sats
0.035 BTC
2,800,000 sats
0.028 BTC
2,700,000 sats
0.027 BTC
2,600,000 sats
0.026 BTC
2,500,000 sats
0.025 BTC
2,400,000 sats
0.024 BTC
2,300,000 sats
0.023 BTC
2,200,000 sats
0.022 BTC
2,100,000 sats
0.021 BTC
2,000,000 sats
0.02 BTC
1,100,000 sats
0.011 BTC
1,000,000 sats
0.01 BTC
900,000 sats
0.009 BTC
800,000 sats
0.008 BTC
700,000 sats
0.007 BTC
600,000 sats
0.006 BTC
500,000 sats
0.005 BTC
400,000 sats
0.004 BTC
300,000 sats
0.003 BTC
200,000 sats
0.002 BTC
100,000 sats
0.001 BTC
”The Collapse of FTX”
Material: Original, Mixed media, acrylic on canvas with 24 carat gold
Size: 120x90 cm and 4 cm wide
KEY TAKEAWAYS
* FTX collapsed in early November 2022 following a report by CoinDesk highlighting potential leverage and solvency concerns involving FTX-affiliated trading firm Alameda Research.
* FTX’s collapse shook the volatile crypto market, which lost billions at the time, falling below a $1 trillion valuation.
* FTX in November 2022 faced a liquidity crisis and searched for bailout funds; rival exchange Binance considered buying portions of the company but quickly backed out.
* By Nov. 11, 2022, FTX’s CEO stepped down and the company filed for bankruptcy.
* In the hours following, FTX experienced a possible hack in which hundreds of millions worth of tokens were stolen.
* FTX founder and ex-CEO Sam Bankman-Fried was arrested in The Bahamas and extradited to the United States in late December. He pleaded innocent to all criminal charges on Jan. 3, 2023.
This Lot Includes:
Physical Artwork:
- Dimensions: 90 x 120 cm
- Materials: Original, Mixed media, acrylic on canvas with 24 carat gold
NO RESERVE
Join the Scarce City Banter Telegram channel for auction updates, commentary, and sat giveaways.
