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the biggest collapse in crypto history is happening right now one of the largest cryptocurrency exchanging Platforms in the world FTX declared bankruptcy with its CEO Sam bankman freed stepping down amidst a trading Scandal exposing how he built a back door in the companys accounting software to move billions of customers money before customers withdrew over five billion dollars that FTX couldnt pay their Last Hope was for their rival binance to bail them out before binance decided to pull out of the deal after FDX was exposed for mishandling customers money rumors started going around that Sam fled the country and went to Argentina which he denied it got worse when the company lost 90 percent of its value got hacked and robbed out of 600 million dollars and scammers took advantage of the situation by impersonating FDX and offering compensation programs its so bad that the current CEO described the situation as being worse than Enron authorities are currently investigating potentia