Failed 2022
FTX US
Even a supposedly "separate" US subsidiary collapses when the parent company commits fraud.
Founded → Closed
2020 → 2022
Funding Raised
$400M
Industry
Crypto/Fintech
Country
USA
IdeaProof AI Failure Score
80/100
Market Fit Risk
65
Burn Rate Risk
40
Founder Risk
90
Full Analysis
FTX US was positioned as a separately regulated US entity from FTX International. It raised $400M at an $8B valuation, gaining legitimacy through partnerships with major sports leagues. When FTX collapsed in November 2022, FTX US was dragged down despite claims of being ring-fenced. Customer funds were commingled with the parent entity.
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