Current location:Stellar Signals news portal > entertainment
A timeline of the collapse at FTX
Stellar Signals news portal2024-05-09 05:50:08【entertainment】7People have gathered around
IntroductionFTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of
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.
Address of this article:http://paracelislands.whetstonetavern.com/content-74f199735.html
Very good!(39)
Related articles
- Sports host Katie Nolan questions if Ben Affleck 'was on drugs' during Tom Brady roast
- New Mexico reaches settlement in 2017 wage
- Alabama lawmakers OK bill blocking state incentives to companies that voluntarily recognize unions
- Tennessee passes bill to allow armed teachers in public schools
- Croatia ruling conservatives will form government with a far
- 'Boy in the attic's' mom's harrowing final words before she died of a broken heart are revealed
- Korean War veteran will finally get his Purple Heart medal, 73 years late
- What's in the $95 billion foreign aid package passed by Congress?
- I'm a dating coach
- Tennessee GOP
Popular articles
Recommended
Met Opera hosts 4 female conductors in landmark week
World seeing near breakdown of international law amid wars in Gaza and Ukraine, Amnesty says
Red Sox 1B Triston Casas out indefinitely with broken rib suffered on hard swing at plate
Max Fried throws Atlanta's first 9
EDEN CONFIDENTIAL: US officials sink Prince Harry's 'vague' plan to trademark Sentebale charity
US health officials warn of counterfeit Botox injections
Riley Greene homers twice and Mark Canha goes deep to power Tigers past Rays 4
Moment Israel wipes out top Hezbollah commander in precision airstrike on his car in Lebanon
Links
- This Week: Consumer confidence, Fed policy statement, April jobs report
- Plane crashes into river in Alaska
- Lebanon's Hezbollah launches attacks targeting Israeli positions: statement
- Two Iraqi military bases bombed by unknown aircraft near Baghdad
- Romanian artists share China travel experiences
- No casualties reported in Russian city of Orsk after dam breach
- China, US make preparations to send a pair of giant pandas to San Francisco Zoo in 2025
- Ashley Roberts, 42, is the epitome of chic in a black off
- Putin calls for de
- China ready to take 'China