FTX Collapse: A Timeline
Experience the FT's premium coverage through a select set of 15 free articles and gain a fresh perspective on the fallout of Sam Bankman-Fried.
The Crypto Crisis
The crypto world has ruled headlines with a mysterious and innovative flare in recent years. Yet the lack of a regulatory framework has left FTX's users, investors, and more with one of the biggest frauds in history. Follow along as the Financial Times offers context on the legal proceedings, losses, and new discoveries in this unprecedented case.
Use the paywall-free resources in each section below to piece together the ongoing—and scandalous—story of one of the world's richest men falsifying his $40 billion empire. These resources are united by the following themes:
- Years worth of misallocation of funds
- How this fall from grace has been devastating for fellow crypto giants
- A global call for stricter regulation
Aftershock
Considering that FTX was a leading authority in the industry, it is no suprise that their heavy fall from grace has created a fallout that fellow crypto giants have had to adapt to. As a result, Binance, OpenSea, and more have set their sights on repairing crypto's image to an increasingly reluctant audience.
Show me the Money
The potential of FTX had always been astounding and deep pockets enabled exciting partnership conversations with celebrities like Taylor Swift. Now that those pockets are shallow, all anybody wants to know is how will creditors secure what's due?
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