FTX
Bankrupt cryptocurrency exchange
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| November 20 2024 | Gary Wang was sentenced to time served and three years of supervised release. |
| October 30 2024 | Nishad Singh was sentenced to time served and three years of supervised release for his role in the FTX fraud. |
| October 7 2024 | U.S. Bankruptcy Judge John Dorsey approved the FTX bankruptcy plan, allowing customers with balances under $50,000 to be repaid in full using cryptocurrency values from the date of collapse. |
| September 24 2024 | Caroline Ellison was sentenced to two years in prison on charges including wire fraud and money laundering. |
| August 2024 | FTX was ordered by a US court to pay $12.7 billion in compensation to former customers and fraud victims, the largest recovery in Commodity Futures Trading Commission history. |
| May 28 2024 | Former FTX executive Ryan Salame was sentenced to 7.5 years in prison, ordered to pay over $5 million in restitution and forfeit an additional $6 million. He began serving his sentence in October 2024. |
| May 8 2024 | In a court filing, FTX indicates most customers will recover their money with a potential surplus. |
| January 2024 | U.S. Department of Justice indicted three individuals for a SIM swap scam allegedly stealing over $400 million in virtual currency from FTX between November 11-12, 2022. |
| 2023 | Solana recovered from the FTX collapse, with CEO John J. Ray III estimating that customers and digital asset loan creditors will recover between 118% and 142% of their original claim values. |
| November 2 2023 | Sam Bankman-Fried was convicted of defrauding customers of FTX and lenders of Alameda Research. |
| October 2023 | Sam Bankman-Fried's trial began. |
| October 2023 | Caroline Ellison, Gary Wang, and Nishad Singh testified that Sam Bankman-Fried directed them to commit fraud. |
| August 2023 | The company reported plans to restart offering cryptocurrency trading services after restructuring the bankrupt company. |
| July 2023 | T.J. Miller was announced to star in 'Fortun3', an interactive series inspired by the collapse of FTX, portraying a character based on Sam Bankman-Fried. |
| March 12 2023 | Signature Bank collapsed after being closed by the New York State Department of Financial Services, marking the third largest bank failure in United States history. The bank, which served cryptocurrency operators like Binance and Celsius Network, was designated a systemic risk following a bank run. |
| March 9 2023 | Silvergate Bank announced it would wind down operations and undergo liquidation, following losses related to the FTX bankruptcy. |
| January 3 2023 | Bankman-Fried was arraigned in federal court in Manhattan and entered a plea of not guilty to all counts. Judge Lewis A. Kaplan set the trial date for October 2, 2023. |
| 2022 | FTX signed a sponsorship deal with Mercedes-AMG Petronas F1 Team to add their logo to cars and merchandise. |
| 2022 | FTX became the title sponsor for the first season of MLB Home Run Derby X. |
| 2022 | FTX sponsored the FTX Road to Miami and FTX Crypto Cup tournaments as part of the Champions Chess Tour. |
| 2022 | FTX secured naming rights for the Miami Heat's basketball stadium, renaming it FTX Arena. |
| 2022 | FTX established a partnership with Major League Baseball to place their logo on umpire uniforms. |
| December 21 2022 | Caroline Ellison and Gary Wang, former executives of FTX and Alameda, pleaded guilty to fraud and agreed to cooperate with federal investigators. |
| December 13 2022 | Sam Bankman-Fried was charged by the US attorney's office for the southern district of New York with fraud, conspiracy to commit money laundering, and conspiracy to defraud the US and violate campaign finance laws. |
| December 12 2022 | Founder Sam Bankman-Fried was arrested by Bahamian authorities for financial offences, at the request of the US government. |
| November 2022 | The Securities Commission of the Bahamas froze the assets of one of FTX's subsidiaries following the bankruptcy. |
| November 2022 | Following FTX's bankruptcy, Mercedes-AMG F1, TSM, and the Miami Heat terminated their sponsorship relationships with the company. |
| November 2022 | Investment manager Jim Chanos predicted that the FTX collapse would lead to increased cryptocurrency regulation and criticized the cryptocurrency sector for extracting fees from unsuspecting investors. |
| November 2022 | Caroline Ellison disclosed to Alameda employees that she, Sam Bankman-Fried, Gary Wang, and Nishad Singh were aware of lending $10 billion of FTX customers' assets to Alameda Research. |
| November 28 2022 | BlockFi officially filed for Chapter 11 bankruptcy protection in the United States. |
| November 17 2022 | New CEO John J. Ray III submits a sworn declaration in bankruptcy court, revealing Alameda Research lent $1 billion to Bankman-Fried and over $500 million to co-founder Nishad Singh. |
| November 16 2022 | Genesis cryptocurrency brokerage service suspended withdrawals following FTX's bankruptcy, and Gemini paused withdrawals on its Earn program due to the Genesis partnership. |
| November 16 2022 | In an interview with Vox, Bankman-Fried blamed an 'ex-employee' or malware for the theft. |
| November 16 2022 | FTX Digital Markets (Bahamas unit) officially files for Chapter 15 bankruptcy protection in the United States. |
| November 15 2022 | BlockFi cryptocurrency lender reportedly began taking steps to file for bankruptcy after halting withdrawals and disclosing significant exposure to FTX. |
| November 15 2022 | A class-action lawsuit was filed in Miami against Sam Bankman-Fried and multiple celebrities, alleging deceptive practices by FTX. |
| November 15 2022 | FTX seeks to raise $10 billion in liquidity from investors. |
| November 14 2022 | Crypto.com's CEO assured users the exchange was functioning normally amid growing industry fears, while the exchange's token Cronos lost approximately $1 billion in value. |
| November 14 2022 | New York Times corroborates the Wall Street Journal's report about misuse of customer funds at FTX and Alameda Research. |
| November 14 2022 | The United States Attorney for the Southern District of New York began an investigation into FTX's collapse, according to anonymous Bloomberg sources. |
| November 14 2022 | Bankman-Fried begins publishing cryptic 'What HAPPENED' messages on Twitter. Kraken's chief security officer claims to know the identity of a user associated with moving stolen money. |
| November 12 2022 | Authorities in the Bahamas, including the Royal Bahamas Police Force, question Sam Bankman-Fried. Bankman-Fried continues attempting to raise money for the firm despite bankruptcy. |
| November 11 2022 | Unauthorized transactions of approximately $473 million were removed from FTX, mostly in stablecoins quickly exchanged for Ether. |
| November 11 2022 | FTX filed for Chapter 11 bankruptcy proceedings in the US court system following public concerns about fraudulent inter-company fund transfers. |
| November 10 2022 | BlockFi, an affiliate of FTX, announced suspension of operations due to FTX's collapse. |
| November 10 2022 | Richard Handler, CEO of Jefferies Group, publicly revealed his previous unsuccessful attempts to meet with Sam Bankman-Fried in July and September, suggesting Bankman-Fried was overwhelmed by his role at FTX. |
| November 10 2022 | Axios reports FTX approached Kraken for a potential rescue deal. Sam Bankman-Fried announces Alameda Research will cease trading. FTX's legal and compliance teams mostly resign. The Securities Commission of the Bahamas freezes assets of FTX Digital Markets Ltd. |
| November 9 2022 | Sequoia Capital wrote down its equity in FTX to $0, losing approximately $214 million in investment and removing Bankman-Fried's profile from their website. |
| November 9 2022 | Binance withdraws from the potential FTX acquisition, citing concerns about FTX's mishandling of customer funds and pending investigations. FTX stops processing withdrawals and acknowledges liquidity challenges. |
| November 8 2022 | Binance enters into a non-binding agreement to potentially purchase FTX due to a 'liquidity crisis', with FTT price dropping 80% and losing $2 billion in value on the same day. |
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