FTX

Founded May 2019 (6 years old)

FTX was a centralized cryptocurrency exchange founded by Sam Bankman-Fried in 2019 that collapsed in November 2022 after revelations that customer deposits had been misappropriated by its affiliated trading firm Alameda Research. At its peak, FTX held a $32 billion valuation and was the third-largest crypto exchange globally. Through the FTX Future Fund, it committed over $130 million to longtermist causes including AI safety before its bankruptcy rendered those commitments void.