A timeline of the collapse at FTX
Time:2024-05-09 07:23:23 Source:worldViews(143)
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.
Previous:Republicans renew push to exclude noncitizens from the census that helps determine political power
You may also like
- Poland detains and questions Russian man who illegally crossed from Belarus
- Kawhi Leonard will miss Game 1 for Los Angeles Clippers against Dallas Mavericks
- Fiorentina wins 2
- Fiorentina wins 2
- Kings of the mountain: Joining a team of 20 St Bernards
- Meet Lama Rod: A queer, Black Buddhist who wants to free you
- Jimmy Vesey and Artemi Panarin lead Rangers to 4
- Chicago police officer fatally shot overnight while heading home from work
- Another German politician is attacked as concerns rise over violence ahead of EU elections in June