FTX Token

FTT Launched 2019 source Historical / collapsed

What this page is: neutral, sourced facts about FTX Token. Every line links where it was checked. 11 facts, 2 from primary sources. Educational, not financial advice.

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Launch

Wikipedia lists the initial release of FTT, the exchange token issued by FTX, as May 5, 2019. secondary source source

Founders and creators

Sam Bankman-Fried and Zixiao "Gary" Wang founded FTX in May 2019. secondary source source

Origin story

FTX began within Alameda Research, a trading firm founded by Bankman-Fried, Caroline Ellison, and other former employees of Jane Street in 2017. secondary source source

Stated purpose

FTT buyback-and-burn. secondary source source

Consensus mechanism

FTT is an ERC-20-compatible exchange token. secondary source source

Supply model

The exchange regularly bought back and burned its tokens, using 33% of trading fees, 10% of the reserve fund, and 5% of other commissions. secondary source source

Key milestones

In August 2020, FTX acquired Blockfolio, a cryptocurrency portfolio tracking app, for $150 million. secondary source source

Notable events and controversies

Nov 2, 2022 report: Alameda held $14.6bn assets; the largest was unlocked FTT. secondary source source
Samuel Bankman-Fried sentenced to 25 years (March 28, 2024). primary source source
On December 12, 2022, founder Sam Bankman-Fried was arrested by the Bahamian authorities for financial offences, at the request of the US government. secondary source source
On March 28, 2024 FTX founder Samuel Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. primary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

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