The bankruptcy of FTX, a Bahamas-based cryptocurrency exchange, began in November 2022. The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, [ 1 ] served as the impetus for its bankruptcy.

Mar 28, 2024 · On Thursday, a federal judge sentenced Bankman-Fried to 25 years in prison. Some crypto traders, who deposited their savings on the platform, may never get their money back. Below is a timeline of the series of events that explains exactly how the company and its founder fell so far and so fast.

Oct 10, 2024 · FTX was a leading cryptocurrency exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the...

Oct 7, 2024 · FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange...

Oct 7, 2024 · A US judge has authorized a plan for fallen crypto exchange FTX to return money to former customers, as the drawn-out bankruptcy process approaches its end.

Nov 11, 2022 · Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users.

May 8, 2024 · FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan.

Nov 11, 2022 · Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Former boss Sam Bankman-Fried has also stepped...

May 9, 2024 · Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in...

Oct 7, 2024 · Creditors of the collapsed cryptocurrency exchange FTX are poised to receive up to $16.5bn (£12.6bn) under a bankruptcy plan approved in the US on Monday. The agreement will put an end to a...