FTX

DESCRIPTION OF EVENTS

"FTX Trading Ltd. was one of the largest cryptocurrency exchange firms, known for its specialty in buying and selling crypto derivatives, and once valued at about $40 billion"

"FTX’s collapse took place over a 10-day period in November 2022. The catalyst was a Nov. 2 scoop by crypto news site CoinDesk that revealed that Alameda Research, the quantitative trading firm also run by Bankman-Fried, held a position valued at $5 billion in FTT, the native token of FTX.

The report disclosed that Alameda’s investment foundation was also in FTT, the token that its sister company had invented, not a fiat currency or other cryptocurrency. That prompted concern across the cryptocurrency industry regarding Bankman-Fried’s companies’ undisclosed leverage and solvency."

"In addition to the $250 million package, which prosecutors called “the largest-ever pretrial bond,” the former crypto billionaire would also be required to wear an electronic monitoring bracelet, submit to mental health counseling and restrict himself travel within and between the Northern District of California and the Southern & Eastern Districts of New York.

Judge Gabriel Gorenstein said Bankman-Fried would require “strict” supervision following his release to his parents’ home in California.

His parents, both Stanford Law professors, were present in the courtroom. Bankman-Fried was flanked by two U.S. marshals, dressed in a blue suit and brown shoes. Bankman-Fried entered in ankle shackles as well, but traded them for his ankle monitor while in the courtroom."

"Bankman-Fried was the heart of “a fraud of epic proportions,” Assistant U.S. Attorney Nicolas Roos told the court. But he voluntarily returned to the United States, has no history of flight and has significantly reduced financial assets, Roos said.

Bankman-Fried had previously claimed that he was down to a mere $100,000, a steep fall from grace for a man who was once at the head of a $32 billion crypto empire."

"Bankman-Fried’s bail dwarfs other federal white-collar bonds. Bernie Madoff posted a $10 million bond while awaiting trial on his multibillion-dollar Ponzi scheme. Jeff Skilling, former Enron CEO, posted a $5 million bond, while Elizabeth Holmes, Theranos founder, posted a scant $500,000."

FTX Trading Ltd., once a major cryptocurrency exchange firm valued at around $40 billion, collapsed over a 10-day period in November 2022. The catalyst for its fall was a report by CoinDesk on November 2, which revealed that Alameda Research, a quantitative trading firm also run by Sam Bankman-Fried, held a $5 billion position in FTT, the native token of FTX. This disclosure raised concerns about undisclosed leverage and solvency across Bankman-Fried's companies. Sam Bankman-Fried, the former crypto billionaire at the center of this scandal, is now facing the largest-ever pretrial bond, set at $250 million.

https://mobile.twitter.com/HsakaTrades/status/1590354614460862465 (Nov 8)
https://mobile.twitter.com/RookieXBT/status/1590469179865731073 (Nov 8)
@zenith_owl Twitter (Nov 12)
https://medium.com/@ignacio.de.gregorio.noblejas/binance-ftx-war-ends-in-collapse-1488a806fff5 (Nov 14)
Reddit - Dive into anything (Nov 14)
The Fall of FTX (Nov 15)
Former FTX CEO Sam Bankman-Fried loses Washington lobbyists (Nov 17)
Reddit - Dive into anything (Nov 24)
Visualized: FTX's Leaked Balance Sheet (Nov 29)
Talking to Sam Bankman Fried - YouTube (Nov 30)
I didn't ever try to commit fraud on anyone: Sam Bankman-Fried - YouTube (Nov 30)
SBF Explains Losses! - YouTube (Dec 1)
Sorry You’re Bankrupt - YouTube (Dec 1)
FTX Disaster - 7 Unbelievable Bankruptcy Discoveries - YouTube (Dec 5)
UK Treasury finalises plans for crypto regulation amid FTX downfall - reports  (Dec 9)
You Got Robbed | FTX and BlockFI Crash - YouTube (Dec 11)
Sam Bankman-Fried Applauded After Surreal Interview (Dec 12)
@unusual_whales Twitter (Dec 13)
Projects Benefited By Ftx Collapse (Dec 15)
Sam Bankman-Fried in 'Good Spirits' in Rat-Infested Prison - Decrypt (Dec 15)
I Accidentally Got SBF To Admit to Fraud - YouTube (Dec 16)
FTX Was (And Is) A Complete Mess - YouTube (Dec 18)
Reddit - Dive into anything (Dec 22)
House Financial Services Committee holds a hearing to investigate FTX collapse — 12/13/22 - YouTube (Dec 24)
Alameda Wallets Funnel Over $1.7 Million Via Crypto-Mixers Overnight | ZeroHedge (Dec 29)
Sam Bankman-Fried Arrested Immediately After Saying He Wouldn't Be Arrested (Jan 11)
@cz_binance Twitter (Sep 12)
FTX: Collapsed crypto giant recovers over $5bn of assets - BBC News (Sep 12)
FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents (Sep 14)
‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX - The New York Times (Sep 14)
@coffeebreak_YT Twitter (Sep 14)
Rekt - SBF - MASK OFF (Sep 14)
@SCBgov_bs Twitter (Sep 14)
Reddit - Dive into anything (Sep 14)
US senators commit to advancing crypto bill despite FTX collapse (Sep 14)
Is SBF a 'pawn' and 'useful idiot' in a bigger plot to take down crypto industry? - Mark Yusko - YouTube (Sep 14)
Reddit - Dive into anything (Sep 14)
I Accidentally Interviewed SBF And He Hated It - YouTube (Sep 14)
@RepTomEmmer Twitter (Sep 14)
@AutismCapital Twitter (Sep 14)
Sam Bankman Fried Was Arrested - YouTube (Sep 14)
- YouTube (Sep 14)
Caroline Ellison (CEO of Alameda) has been found! - YouTube (Sep 14)
Kevin O'Leary Just Shocked Everyone With His Response To The FTX Collapse - YouTube (Sep 14)
Reddit - Dive into anything (Sep 14)
FTX Is About To Liquidate $3.4 BILLION Of Crypto! (Alts Are In Trouble) - YouTube (Sep 14)
FTX gets court approval to sell crypto assets | Reuters (Sep 14)
The Collapse of FTX: What Went Wrong With the Crypto Exchange? (Sep 14)
What Happened To FTX? The Crypto Exchange Fund’s Collapse Explained. (Sep 14)
https://vectorseek.com/vector_logo/ftx-logo-vector/ (Sep 14)
Billion Dollar Crypto Exchange FTX Gains Regulatory Nod to Offload $3.4 Billion in Bitcoin, Ethereum, and Ripple (XRP): No Market Impact Foreseen - Dispelling FUD (Sep 14)
Why The FTX Liquidation Will SURPRISE Everyone! - YouTube (Sep 14)
Billionaire Bankman-Fried’s Crypto Exchange FTX Lands $32 Billion Valuation And $400 Million In New Funding (Sep 14)
FTX Secures Court Approval to Sell Crypto Holdings, Including BTC and SOL (Sep 14)

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