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Crash · Nov 11, 2022

FTX collapse

Name: FTX collapse
Start: 2022-11-11

FTX files for bankruptcy and bitcoin drops to a two year low.

BTC close on Nov 11, 2022
$17,007
Source: Bitstamp BTC/USD daily close, 2022-11-11

FTX, one of the largest crypto exchanges, filed for Chapter 11 bankruptcy on November 11, 2022, days after reports about its sister trading firm Alameda Research triggered a run on deposits. Customer funds were missing, and founder Sam Bankman Fried was later convicted of fraud in New York in November 2023.

Bitcoin fell to its lowest prices in about two years during the panic. See the Solana timeline for why FTX hit SOL even harder.

Bitcoin price, USD

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Source: Bitstamp BTC/USD daily closes 2011-08-18 to 2026-10-14. Fetched Oct 14, 2026 from free public APIs. Click a dot for the event and its price on that day.

Part of Bitcoin in 2022 · full Bitcoin timeline · Bitcoin hub

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Updated Oct 14, 2026

Sources

Facts written in our own words. Last checked Oct 14, 2026.