Filed for Chapter 11 after a liquidity crisis revealed that customer funds had been diverted to affiliate Alameda Research.
Creditor process: FTX Recovery Trust. Fifth distribution of about USD 900 million on 31 July 2026; cumulative distributions approach USD 11 billion against a USD 16 billion estate, with convenience-class claims reaching 120% cumulative recovery.
Compliance snapshot
- Ceased operations November 2022 — Chapter 11
- EU investment firm licence withdrawn by CySEC
- Founder convicted on seven counts in November 2023
- Recovery Trust distributions approach USD 11 billion
Defunct since November 2022 following the diversion of customer funds; the group is in Chapter 11 and its EU investment firm licence was withdrawn.
Licenses & registrations
- CyprusRevokedInvestment firm licence (FTX EU Ltd)Cyprus Securities and Exchange CommissionCySECn/an/aVerify at source
Reputation
Verified reputation data is unavailable
The ratings on file are illustrative and have no source URL or collection date. A verified source and review date are needed before scores can be displayed here.
- Customer reviews
- Source needed. A direct review-platform source and collection date are needed.
- App Store & Google Play
- Source needed. Verified store listings and collection dates are needed.
- Press sentiment
- Source needed. A dated source set and calculation method are needed.
Recent press
- 2026-07-31FTX Recovery Trust begins fifth distribution of about USD 900 millionNeutral
Reuters — Convenience-class claims reach 120% cumulative recovery.
Incidents & enforcement
- 2023-11-02Enforcement
Founder Sam Bankman-Fried convicted on seven counts of fraud and conspiracy; sentenced to 25 years in March 2024.
- 2022-11-11Enforcement≈ USD 8 billion shortfall
Chapter 11 filing covering FTX Trading Ltd. and around 130 affiliates.
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Profile last reviewed 2 Sept 2026 (2026-09-02)