![FTX crash: The rise and fall of crypto king](https://images.assettype.com/fortuneindia%2F2022-11%2Fd41e5781-e6d2-481f-993c-00a1072461dd%2FGettyImages_1237125010_copy.jpg?w=300&q=95)
FTX crash: The rise and fall of crypto king
The development comes as the crypto exchange is undergoing investigation for financial discrepancies with millions of customers’ funds missing from the crypto exchange.
The development comes as the crypto exchange is undergoing investigation for financial discrepancies with millions of customers’ funds missing from the crypto exchange.
Founded by MIT graduates Sam Bankman-Fried and Gary Wang just three years back, the crypto derivatives firm saw its net income rising from $17 mn to $388 mn on a year-on-year basis