One year after FTX imploded, here’s how cryptocurrencies are changing

For many who trade cryptocurrencies for a living, the events of a year ago are forever etched in memory.

“The worst day of my career, and one of the worst days of my life — the day FTX froze withdrawals,” is how Travis Kling, who runs Ikigai Asset Management, described it in a series of tweets on Nov. 7. Four days later, Sam Bankman-Fried’s exchange filed for bankruptcy, ushering in arguably the darkest days in crypto’s history.

“The first weeks were incredibly brutal. I didn’t sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team,” Kling wrote.