Overview

Click to expand overview
Lukas Bartusek, 31, said he inadvertently transferred 2,000 tokens to an old FTX account in October 2025, nearly a year after Sam Bankman-Fried’s exchange went FTX Token (FTT) surged 30% in a matter of minutes after Sam Bankman-Fried, the disgraced former CEO of FTX, posted on X for the first time in two years. Many FTX users begin to swap their assets on FTX for $TRX as they believe only receiving 1-10% of their tokens value is better than nothing. FTX International users report they are unable Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. The founder and former CEO of the massive cryptocurrency exchange The FTX saga added one more chapter after Sam Bankman-Fried, who founded and led FTX until it filed for bankruptcy last month, was arrested in The Bahamas. Novem: The first public sign of trouble emerged when Coindesk reported that Alameda Research, Bankman-Fried’s trading firm, held a significant amount of Sam Bankman-Fried, one of the crypto industry’s biggest stars, has had a rough end to 2025. His crypto exchange FTXwhich was once valued at $32 billion It is down 99.5% from its peak and is currently valued at $0.06 per token. Bankman-Fried was found guilty of seven charges of fraud brought against him by the U.S.

FTX Token (FTT) Plunges 99% After Sam Bankman-Fried Arrest: A Deep Dive

The FTX token (FTT) has experienced a dramatic fall, dropping a staggering 99% from its all-time high (ATH) following the arrest of its founder, Sam Bankman-Fried. This drastic decline reflects the ongoing turmoil and uncertainty surrounding the collapsed cryptocurrency exchange and the implications of Bankman-Fried's legal battles. Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. The founder and former CEO of the massive cryptocurrency exchange now faces serious consequences.

The events leading up to the token's collapse were a whirlwind of negative news. Novem: The first public sign of trouble emerged when Coindesk reported that Alameda Research, Bankman-Fried’s trading firm, held a significant amount of FTT. This revelation triggered a chain reaction, sparking concerns about FTX's solvency and the interconnectedness of its entities.

The Domino Effect: FTX's Bankruptcy and FTT's Freefall

The FTX saga added one more chapter after Sam Bankman-Fried, who founded and led FTX until it filed for bankruptcy last month, was arrested in The Bahamas. The bankruptcy filing sent shockwaves through the crypto market, further accelerating the decline of the FTT token. Trust eroded rapidly, and investors rushed to liquidate their holdings, resulting in a massive sell-off.

Currently, It is down 99.5% from its peak and is currently valued at $0.06 per token. Bankman-Fried was found guilty of seven charges of fraud brought against him by the U.S. This valuation represents a devastating loss for those who invested in the token during its peak.

User Experiences and the Desperate Dash for Value

The aftermath has been particularly painful for FTX users. Many are struggling to recover their funds, facing significant losses due to the exchange's collapse. Many FTX users begin to swap their assets on FTX for $TRX as they believe only receiving 1-10% of their tokens value is better than nothing. FTX International users report they are unable to access their assets, adding to the frustration and anxiety.

Adding to the chaos, FTX Token (FTT) surged 30% in a matter of minutes after Sam Bankman-Fried, the disgraced former CEO of FTX, posted on X for the first time in two years. This highlights the sensitivity of the market and the impact of Bankman-Fried's actions, even after his legal troubles began.

Individual Stories of Loss

The human cost of the FTX collapse is significant. Lukas Bartusek, 31, said he inadvertently transferred 2,000 tokens to an old FTX account in October 2025, nearly a year after Sam Bankman-Fried’s exchange went under, demonstrating the long-lasting impact of the platform's demise and the continued challenges users face in navigating the aftermath.

Looking Ahead: The Future of FTT and the FTX Aftermath

The future of the FTT token remains highly uncertain. With the exchange in bankruptcy proceedings and Sam Bankman-Fried facing serious legal charges, the token's prospects are bleak. Sam Bankman-Fried, one of the crypto industry’s biggest stars, has had a rough end to 2025. His crypto exchange FTXwhich was once valued at $32 billion, is now a cautionary tale of the risks inherent in the cryptocurrency market.

Investors should exercise extreme caution and conduct thorough research before investing in any cryptocurrency, especially those associated with troubled platforms or individuals. The FTX saga serves as a stark reminder of the volatility and potential for fraud in the crypto space.

Top Sources

Related Articles