FTX collapse

Summary: Cryptocurrency exchange FTX collapsed after a liquidity crisis and later filed for bankruptcy.

Start: 2022-11-02 • Status: resolved

Timeline

  • Nov 2, 2022 — Report revealed balance sheet concerns at FTX-linked firm Alameda Research. source
  • Nov 6, 2022 — Binance announced plans to sell its FTT holdings. source
  • Nov 8, 2022 — FTX halted customer withdrawals amid liquidity crisis. source
  • Nov 11, 2022 — FTX filed for Chapter 11 bankruptcy protection. source
  • Nov 2, 2023 — Founder Sam Bankman-Fried found guilty on fraud charges. source

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