FTX — $32 Billion to Zero in 10 Days

FTX collapsed from a $32 billion valuation to zero in just 10 days—the fastest destruction in this list, outpacing even WeWork's descent. A November 2022 CoinDesk report exposed $8 billion in misappropriated customer funds, with 71% of user deposits secretly moved to Alameda Research. The speed of loss was 3 times quicker than #5's WeWork disaster, with fewer than 200 employees responsible. This highlighted how a lack of governance can vaporize billions overnight, representing a 100% value loss that is 50% steeper than the average crypto collapse, making it a stark cautionary tale of fraud in the digital age.