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OverviewAPI
FTX, a major cryptocurrency exchange, founded by Sam Bankman-Fried and Gary Wang in 2019, declared Chapter 11 bankruptcy in November 2022 following a crisis stemming from unethical practices and a failed acquisition by Binance. The company's CEO, Sam Bankman-Fried, faced arrest for financial offenses, and FTX.US acquired assets from bankrupt firms, triggering legal scrutiny and criminal charges.

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