On November 2nd, 2022, CoinDesk published an article that found a significant portion of Alameda Research's assets consisted of FTT.
This revelation started a domino effect, with many users rushing to withdraw funds, ultimately ending in FTX's declaration of bankruptcy on November 11th.
The proceeding investigation uncovered one of the largest cases of fraud in history.
Sam Bankman Fried had used customer funds, both personally and through Alameda Research, to prop up investments.
While the investigation is still ongoing, this piece created by Jeff Cole, is an homage to the downfall of SBF and FTX, as well as the unfortunate loss incurred by the millions of investors on the platform.
