Here is the timeline of the FTX debacle

  1. Sam Bankman-Fried pleads not guilty in FTX caseLatest

    Crypto exchange founder accused of using deposits to support hedge fund, buy real estate and make political contributions

  2. FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares

    Alameda took out a loan pledging those same shares as collateral.

  3. Sam Bankman-Fried released on $250 million bail

    FTX co-founder Sam Bankman-Fried is back in the US, released on $250 million bail

  4. Sam Bankman-Fried arrested

    Police arrest Bankman-Fried in the Bahamas, with the US expected to file for his extradition. US authorities decline to comment on potential charges, but the New York Times reports the charges include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering.

  5. Interview at the New York Times Dealbook Summit

    Bankman-Fried says in an interview at the New York Times Dealbook Summit that “he didn't ever try to commit fraud”.

  6. Hearing at the US house

    The US House Financial Services Committee says it plans to hold a hearing in December to investigate the collapse of FTX.

  7. Severe liquidity crisis

    FTX outlines a “severe liquidity crisis” in US bankruptcy filings, which show the group could have more than 1 million creditors.

    A court filing shows FTX's Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the US under Chapter 15 of the US Bankruptcy Code.

    Bankman-Fried is sued in a US court by investors alleging the company's yield-bearing crypto accounts violated Florida law.

    Liquidators for FTX Digital Markets “reject the validity” of FTX's US bankruptcy proceedings.

    Major crypto player Genesis Global Capital suspends customer redemptions in its lending business, citing the sudden failure of FTX.

  8. Bahamas appoints liquidators

    Financial regulators in the Bahamas appoint liquidators to run FTX's unit in the country.

  9. Bahamas regulators launch a probe

    Bahamas securities regulators launch a probe over the collapse of FTX, which has its base in the Caribbean nation.

  10. $1bn of customer funds went missing

    Reuters reports at least $1bn of customer funds have vanished from FTX. The exchange says it has detected unauthorised transactions. Blockchain analytics firms estimate outflows between $473m and $659m in 'suspicious circumstances'.

  11. FTX starts Chapter 11 proceedings

    FTX starts voluntary Chapter 11 proceedings in the US, along with its US unit, crypto trading firm Alameda Research and nearly 130 other affiliates. Bankman-Fried resigns as CEO.

  12. FTX suspends onboarding of new clients

    FTX suspends onboarding of new clients as well as withdrawals until further notice. Bankman-Fried tells staff in a memo that he is scrambling to raise funds and has held talks with Justin Sun, founder of the crypto token Tron.

  13. Binance against pursuing FTX bailout

    Binance decides against pursuing a bailout of FTX

  14. Binance planning FTX acquisition

    Binance says it is planning a deal to acquire FTX.

  15. FTX is fine

    Bankman-Fried says 'FTX is fine. Assets are fine'.

  16. Binance liquidating FTT

    Binance CEO Changpeng Zhao says his firm plans to liquidate its holdings of FTT due to unspecified “recent revelations”.

  17. Alameda Research balance sheet leaked

    Crypto news website CoinDesk reports a leaked balance sheet that shows Alameda Research, Bankman-Fried’s crypto trading firm, was heavily dependent on FTX’s native token, FTT. The Reuters news agency was unable to verify the report.