Answer: FTX
Notes: After the collapse of the Cryptocurrency exchange FTX, it filed for Chapter 11 bankruptcy protection. The company’s valuation plunged from USD 32 billion to bankruptcy, dragging founder and CEO Sam Bankman-Fried’s USD 16 billion net worth to near-zero. FTX’s collapse shook the volatile crypto market, which lost billions in value that dropped below USD 1 trillion. FTX also experienced a hack in which hundreds of millions worth of tokens were stolen.
