The FTX Crypto Crash meme chronicles the spectacular 2022 collapse of the FTX cryptocurrency exchange and its founder, Sam Bankman-Fried (SBF). Once considered a pillar of the industry, the exchange's sudden bankruptcy and the revelation of a massive multi-billion dollar hole in user funds sent shockwaves through the financial world. These memes typically satirize the irony of SBF's 'Effective Altruism' philosophy, his public statements about fund safety, and the overnight loss of retail investor savings. They are widely used on platforms like Twitter and Reddit to express frustration, dark humor, or skepticism toward the stability of centralized crypto exchanges.