Founded in 2019, FTX rapidly rose to be one of the top three centralized cryptocurrency exchanges by volume. Now, as even those with little interest in cryptocurrency know, the company is bankrupt, most likely due to the reckless abuse and manipulation of customer assets. FTX’s convincing veneer of regulatory compliance led many big and small market participants to throw caution to the wind and treat FTX as a safe harbor for the bulk of their assets.