Timeline of FTX
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This page is about a topic potentially related to FTX, Alameda Research, Sam Bankman-Fried, or the FTX Future Fund. Other content on this wiki has been compensated by the Future Fund Regranting Program that used funds from the FTX Future Fund. These funds likely came from the FTX Foundation that was funded partly or wholly by money made by FTX, Alameda Research, or Sam Bankman-Fried. As such, there is a theoretical possibility of conflict of interest.
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This is a timeline of FIXME.
Contents
Sample questions
The following are some interesting questions that can be answered by reading this timeline:
Big picture
| Time period | Development summary | More details |
|---|
Full timeline
| Year | Month and date | Event type | Details |
|---|---|---|---|
| 2020 | Year round | According to financial statements, FTX manages to generate an operating profit of $14.4 million on revenue of $89.9 million in the year, its first full year in business.[1] | |
| 2021 | June | FTX takes over the rights of what was formerly known as the American Airlines Arena.[2] | |
| 2021 | September | Golden State Warriors and three-time NBA champion Stephen Curry becomes a global ambassador for FTX. He also receives an equity stake in FTX Trading Limited as part of the agreement. FTX US and its NFT marketplace become the Warriors’ official cryptocurrency platform.[2] | |
| 2022 | April | The Golden State Warriors drops its second NFT collection on the FTX NFT marketplace, commemorating its 2022 NBA playoffs performance.[2] | |
| 2022 | June 6 | SBF tweets: Zig Zag and hiring:Later that month, FTX would lay off around 20 people, mostly in the Bahamas, according to people familiar with the matter, as "FTX required some to sign nondisclosure agreements."[1] | |
| 2022 | August 24 | Resignation | Alameda Research co-CEO Sam Trabucco announces his resignation on Twitter, leaving co-CEO Caroline Ellison as the sole CEO, and announces he will remain in the capacity of adviser. Trabucco tweets: I guess that's about it. My time at Alameda has been the most formative of my life. I've learned how to think, I've found out how far I can push myself, and I've been gifted the incredible experience of being in the trenches with lifelong friends -- and *winning*.[4] |
| 2022 | September 21 | FTX negotiates with potential investors to raise up to US$1 billion in new funding that would keep the company’s valuation at roughly $32 billion. Investors include Singapore’s Temasek Holdings, SoftBank Vision Fund 2 and Tiger Global Management.[5] | |
| 2022 | October | It is reported that FTX was under investigation in Texas for allegedly selling unregistered securities. | |
| 2022 | November 2 | Crypto website CoinDesk publishes an article with details from a leaked copy of Alameda Research financials. |
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by FIXME.
Funding information for this timeline is available.
Feedback and comments
Feedback for the timeline can be provided at the following places:
- FIXME
What the timeline is still missing
- https://www.youtube.com/watch?v=2D5PcagsgDQ
- https://www.youtube.com/watch?v=LWq77i9mIRE
- Now-deleted Sequoia profile of FTX covers a lot of details about how it was founded
- https://forum.effectivealtruism.org/posts/KBw6wKDbvmqacbB5M/crypto-markets-ea-funding-and-optics
- https://80000hours.org/stories/sam-bankman-fried/
- https://www.youtube.com/watch?v=vc5HXxxwMrg&t=945s
Timeline update strategy
See also
External links
References
- ↑ 1.0 1.1 Grossman, Alexander Osipovich, Caitlin Ostroff, Patricia Kowsmann, Angel Au-Yeung and Matt. "They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried's Doomed FTX Empire". WSJ. Retrieved 25 November 2022.
- ↑ 2.0 2.1 2.2 "Golden State Warriors and Miami Heat Axe FTX Deals". Blockworks. 15 November 2022. Retrieved 26 November 2022.
- ↑ "why FTX is going to keep growing as others cut jobs". Twitter. Archived from the original on November 19, 2022. Retrieved 25 November 2022.
- ↑ Sam Trabucco. "I guess that's about it". Twitter. Archived from the original on November 16, 2022. Retrieved 15 November 2022.
- ↑ Rooney, Kate. "FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round". CNBC. Retrieved 12 November 2022.
