FTT, the token created by the notorious FTX exchange, continues to trade on several platforms despite its association with fraudulent activities. Sam Bankman-Fried, FTX's CEO, was convicted and sentenced to nearly 25 years for his role in the fraud. FTT, priced at $1.63, played a significant role in enabling FTX’s misconduct and its eventual downfall. The token remains highly centralized: the FTX estate controls 69.06% of the total supply, Binance holds 9.51%, and the top ten largest wallets possess 87.85% of the supply, despite having 30,384 owners. FTT’s tokenomics have been criticized for resembling a pyramid scheme.