What happened to FTX?
FTX was once one of the largest cryptocurrency exchanges in the world, known for the “5% off trading fees” referral bonus this page used to promote with code HAPPY100. In November 2022, reporting revealed that sister trading firm Alameda Research had been using customer funds improperly, triggering a run on withdrawals that FTX couldn’t cover. Both FTX and Alameda filed for bankruptcy on November 11, 2022, and founder Sam Bankman-Fried was later convicted on multiple counts of fraud, receiving a 25-year federal prison sentence in March 2024.
The bankruptcy estate has spent the years since then unwinding what’s left. As of 2026, the FTX bankruptcy plan is in its distribution phase, with the estate paying back the vast majority of verified customer claims — but that process runs through court-supervised creditor portals, not the old ftx.us trading app. There’s no functioning FTX exchange to sign up for anymore, and there hasn’t been one since 2022.
One more honest note: this page used to also point readers to Makara, a crypto robo-advisor, via this link. Makara was acquired by Betterment back in February 2022 and no longer operates as an independent product either — so that link is also a dead end today, not a live recommendation.
Related on Couponsuck
AAlinea Referral Code: A4HGD for a $50 Bonus (2026)Money & BankingKKalshi Referral Code | Trading Credit Bonus (2026)Money & BankingAffiliate link: we may earn a commission when you use our codes.
More crypto sign-up bonuses: Gemini crypto promo code and Binance referral code.
Where to go instead of FTX
If what you actually want is a working crypto exchange with a real sign-up bonus, Coinbase is the closest live equivalent we recommend — it’s a large, publicly traded, US-based exchange, unlike FTX which was headquartered offshore. Our Coinbase referral link currently gets new users $10 in free Bitcoin on sign-up. It’s a different company with different mechanics than FTX’s old fee-discount program, but it’s real and it works today.
Frequently Asked Questions
Does the FTX promo code HAPPY100 still work?
No. FTX has not operated as a trading exchange since it filed for bankruptcy in November 2022. There’s no live signup to apply the code to.
Can I still get my money back from FTX?
If you had funds on FTX at the time of its collapse, recovery runs through the official bankruptcy claims process at claims.ftx.com, not through any consumer sign-up flow. This page isn’t affiliated with that process — check the official FTX bankruptcy claims portal directly for your case.
Is FTX the same as FTX US or FTX.com?
Both entities were part of the same collapse and both filed for bankruptcy in November 2022. Neither operates as a trading platform today.
What’s a safe alternative to FTX in 2026?
Large, publicly traded, US-regulated exchanges like Coinbase are the closest comparison in terms of scale and being built for traders. See our Coinbase referral code page for current terms.
The FTX offer is history.
The record lives here.
The original details are preserved above — and the intro points to what still works today.
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