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Feb 24, 2023 · The timeline. May to July 2022: A series of crypto collapses, led by Terra-Luna, trigger a wave of bankruptcies among crypto lenders like Celsius, BlockFi and Voyager. FTX moves to bail out ...
- 2024
- 2023
- 2022
Jan. 31– A lawyer representing the bankruptcy estate of FTX said the firm expects to fully repay customers. "There is still a great amount of work and risk between us and that result, but we believe the objective is within reach, and we have a strategy to achieve it," FTX attorney Andrew Dietderich said at a court hearing. Feb. 27– Attorneys for Ba...
Jan. 3 – In a New York courtroom, Bankman-Fried pleadednot guilty to criminal charges that he defrauded investors. U.S. District Judge Lewis Kaplan announced that the trial would take place in October. Jan. 12 – Bankman-Fried publisheda 2,300-word blog post rebuking the fraud and conspiracy charges, replete with charts and graphs. He said that he d...
Nov. 2– The collapse of FTX centers in part on the cryptocurrency exchange's close relationship with Alameda Research, a crypto hedge fund also founded by Bankman-Fried. Major concerns about FTX started when news outlet CoinDeskpublished an article that found a significant portion of Alameda Research's assets consisted of FTT, a token created by FT...
- Max Zahn
- 3 min
Mar 28, 2024 · Dec. 12: Bankman-Fried is arrested in the Bahamas, where FTX is headquartered. Dec. 13: The U.S. government charges Bankman-Fried with a host of financial crimes , alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company’s multibillion-dollar collapse.
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What did SBF do before he started FTX?
Nov 3, 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...
Nov 12, 2022 · Here's a timeline of the events: Nov. 2: CoinDesk publishes exclusive revealing key balance-sheet details of Sam Bankman-Fried's Alameda Research trading firm, showing it's heavily...
Mar 28, 2024 · Here is a timeline of how it happened. 2022. Nov. 2: Coindesk reports Alameda Reseach, Bankman-Fried’s cryptocurrency trading firm, holds a large amount of FTT, a token issued by FTX,...
Mar 28, 2024 · Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison by a Manhattan federal judge on Thursday after being found guilty last year of orchestrating a multibillion-dollar fraud scheme at the now-bankrupt crypto exchange.
