FTX's Final Days Detailed at Bankman-Fried Fraud Trial as Executives Describe 'Worst Week of My Life'

FTX collapsed in November 2022 amid a liquidity crisis as customers rushed to withdraw funds. Top executives like Caroline Ellison and Nishad Singh described the "worst week of my life."

Changpeng Zhao of Binance helped trigger the crisis by announcing plans to sell FTX's in-house currency FTT.

Prosecutors detailed FTX's final days at founder Sam Bankman-Fried's criminal fraud trial, using texts and witness testimony.

Bankman-Fried considered potential backers like Dustin Moskovitz and Saudi Arabia's Public Investment Fund to save FTX.

Singh, Ellison and other top allies eventually abandoned Bankman-Fried as bankruptcy looked inevitable.