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ummary: FTX, a cryptocurrency exchange platform behind FTT, experienced a significant decline in value, leading to a loss of over $150 billion in three days. Founded by Sam Bankman-Fried, FTX was once seen as a market survivor but fell more than 80% in 72 hours. Bankman-Fried, known as SBF, is the majority owner of FTX and Alameda Research, with previous recognition as a savior of the crypto industry.