Collapse · November 8, 2022
FTX collapse begins
Price at event
$18,500
Today
$61,577
Since then
×3.3
CoinDesk publishes Alameda's leaked balance sheet. Binance announces it will sell its FTT stake. Bank-run-on-FTX in 48 hours. The cycle-4 bear's punctuation mark.
⸺ Sources ⸺
- primaryCoinDesk: Divisions in Sam Bankman-Fried's Crypto Empire Blur on His Trading Titan Alameda's Balance Sheet (Nov 2, 2022 — the report that triggered the collapse) ↗
- newsCoinDesk: The Epic Collapse of Sam Bankman-Fried's FTX Exchange — A Crypto Markets Timeline (Nov 8 FTT crash & Binance rescue deal) ↗
- referenceWikipedia: Bankruptcy of FTX ↗