A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse.
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.
Here is a timeline of what led up to this week’s announcement after an implosion at FTX kicked off what many had expected to become a “crypto winter.”
2022
Nov. 2: Coindesk reports Alameda Reseach, Bankman-Fried’s cryptocurrency trading firm, holds a large amount of FTT, a token issued by FTX, suggesting the finances of the two are intertwined and Alameda faces a cash crunch. The report spooks participants in the crypto market.
Nov. 6: Rival cryptocurrency exchange Binance announces that the firm plans to sell all its holdings in FTT. The price of FTT tanks.
Related articles
Lithuania defends banning Russian and Belarusian observers from monitoring upcoming election
VILNIUS, Lithuania (AP) — Lithuania defended Wednesday the decision not to allow Russian and Belarus2024-05-09Europe sees sharp rise in arms imports in 2019
(Xinhua) 09:40, March 12, 2024STOCKHOLM, March 11 (Xinhua) -- Arms imports to Europe surged 94 perce2024-05-09Agyemang rallies Charlotte to 3
CHARLOTTE, N.C. (AP) — Patrick Agyemang scored in the 85th minute to help Charlotte FC pull out a 3-2024-05-09Coronel has 3 saves, first shutout of season, Red Bulls and Fire tie 0
HARRISON, N.J. (AP) — Carlos Coronel had three saves and recorded his first shutout of the season to2024-05-09Astroworld crowd surge: 9 of 10 wrongful death suits have been settled
HOUSTON (AP) — Nine of the 10 wrongful death lawsuits filed after deadly crowd surge at the 2021 Ast2024-05-09Europe sees sharp rise in arms imports in 2019
(Xinhua) 09:40, March 12, 2024STOCKHOLM, March 11 (Xinhua) -- Arms imports to Europe surged 94 perce2024-05-09
atest comment