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RUIN: Money, Ego and Deception at FTXEXCLUSIVE How FTX bought its way to become the 'most regulated' crypto exchange � FTX bought a 10% stake in IEX with an option to acquire %. FTX was one of the largest digital currency exchange platforms for buying and selling cryptocurrencies. As more people invested in cryptocurrencies, they turned. Ramnik Arora, one of FTX's chief fund-raisers, recently started an online claims trading platform for FTX customers and began buying some.