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Nov 9, 2022 · FTX, a major crypto exchange, paused withdrawals and sought a bailout after revelations about its ties to Alameda Research and FTT token. The crisis exposed the risks of Bankman-Fried's empire and the role of Binance in the industry.
- dmorris@coindesk.com
- Chief Insights Columnist
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Nov 2, 2023 · Nov 2 (Reuters) - Sam Bankman-Fried's fraud conviction on Thursday marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he...
Mar 28, 2024 · Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX was sentenced to 25 years in prison after being convicted of fraud for stealing at least $10 billion from customers and investors.
On Nov. 8, he announced that Binance would purchase FTX for an undisclosed amount in what would essentially constitute a bailout for the beleaguered firm.
Nov 10, 2022 · The price of FTT, a native cryptocurrency token for FTX, has dropped more than 90 percent since Nov. 8.
Mar 28, 2024 · Due to a lack of funds, FTX halted customer withdrawals altogether. Nov. 8 – FTX reached a deal to sell itself to Binance, the crypto exchange whose executive had helped trigger the selloff.
Oct 20, 2023 · At the trial, prosecutors have used that testimony as the basis for an unvarnished look inside FTX’s rapid unraveling — a frantic week in November that ended in one of the largest corporate...
