FTX Wikipedia Article

reference

Wikipedia·en.wikipedia.org/wiki/FTX

Credibility Rating

3/5

Good(3)

Good quality. Reputable source with community review or editorial standards, but less rigorous than peer-reviewed venues.

Rating inherited from publication venue: Wikipedia

Relevant to AI safety community as SBF and FTX were major EA-aligned funders of AI safety research; the collapse had significant reputational and financial consequences for several AI safety organizations and the broader longtermist movement.

Metadata

Importance: 35/100wiki pagereference

Summary

Wikipedia article on FTX Trading Ltd., the cryptocurrency exchange founded by Sam Bankman-Fried that collapsed in November 2022 following massive fraud. The collapse is notable in the AI safety context because SBF was a prominent EA/longtermist donor whose downfall significantly impacted AI safety funding and reputation.

Key Points

•FTX was founded in 2019 by Sam Bankman-Fried and Gary Wang, reaching over one million users at its peak in July 2021.
•The company filed for Chapter 11 bankruptcy in November 2022 after fraud by Bankman-Fried and Caroline Ellison was exposed.
•SBF was a major funder of AI safety and effective altruism organizations, and FTX's collapse disrupted funding pipelines for these causes.
•The scandal raised questions about the credibility of longtermist and EA-affiliated institutions that had accepted FTX funding.
•John J. Ray III took over as CEO to manage bankruptcy proceedings, describing FTX's governance as among the worst he had seen.

Cited by 2 pages

Page	Type	Quality
FTX Future Fund	Organization	60.0
FTX	Organization	74.0

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HTTP 200Fetched Mar 20, 202698 KB

# FTX

FTX

Bankrupt cryptocurrency exchange

For other uses, see [FTX (disambiguation)](https://en.wikipedia.org/wiki/FTX_(disambiguation) "FTX (disambiguation)").

| [![](https://upload.wikimedia.org/wikipedia/commons/thumb/6/68/FTX_logo.svg/500px-FTX_logo.svg.png)](https://en.wikipedia.org/wiki/File:FTX_logo.svg) |
| Company type | [Private](https://en.wikipedia.org/wiki/Privately_held_company "Privately held company") |
| Industry | [Cryptocurrency](https://en.wikipedia.org/wiki/Cryptocurrency "Cryptocurrency") |
| Founded | May2019;6years ago(2019-05) |
| Founders | [Sam Bankman-Fried](https://en.wikipedia.org/wiki/Sam_Bankman-Fried "Sam Bankman-Fried")<br>[Gary Wang](https://en.wikipedia.org/wiki/Gary_Wang_(American_businessman) "Gary Wang (American businessman)")[\[1\]](https://en.wikipedia.org/wiki/FTX#cite_note-1) |
| Fate | Filed for [Chapter 11](https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code "Chapter 11, Title 11, United States Code") [bankruptcy](https://en.wikipedia.org/wiki/Bankruptcy_proceedings "Bankruptcy proceedings") in November 2022 |
| Headquarters | [Nassau](https://en.wikipedia.org/wiki/Nassau,_Bahamas "Nassau, Bahamas"), [New Providence](https://en.wikipedia.org/wiki/New_Providence "New Providence")<br>, <br>[The Bahamas](https://en.wikipedia.org/wiki/The_Bahamas "The Bahamas") |
| Key people | [John J. Ray III](https://en.wikipedia.org/wiki/John_J._Ray_III "John J. Ray III") ( [CEO](https://en.wikipedia.org/wiki/Chief_executive_officer "Chief executive officer"))[\[2\]](https://en.wikipedia.org/wiki/FTX#cite_note-2) |
| Products | - [Cryptocurrency exchange](https://en.wikipedia.org/wiki/Cryptocurrency_exchange "Cryptocurrency exchange")<br>- [cryptocurrencies](https://en.wikipedia.org/wiki/Cryptocurrencies "Cryptocurrencies") |
| Revenue | ![Increase](https://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png)[US$](https://en.wikipedia.org/wiki/United_States_dollar "United States dollar") 1.02 billion (2021)[\[3\]](https://en.wikipedia.org/wiki/FTX#cite_note-FR-3) |
| [Operating income](https://en.wikipedia.org/wiki/Earnings_before_interest_and_taxes "Earnings before interest and taxes") | ![Increase](https://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png)US$272 million (2021)[\[3\]](https://en.wikipedia.org/wiki/FTX#cite_note-FR-3) |
| [Net income](https://en.wikipedia.org/wiki/Net_income "Net income") | ![Increase](https://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png)US$388 million (2021)[\[3\]](https://en.wikipedia.org/wiki/FTX#cite_note-FR-3) |
| Number of employees | c.300 (2022)[\[4\]](https://en.wikipedia.org/wiki/FTX#cite_note-4) |

FTX Trading Ltd.

**FTX Trading Ltd.**, [trading as](https://en.wikipedia.org/wiki/Trading_as "Trading as") **FTX** (Futures Exchange),[\[5\]](https://en.wikipedia.org/wiki/FTX#cite_note-wsj_overview_111122-5) is a [bankrupt](https://en.wikipedi

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