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.

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
2014 SBF graduates.
2015 Gary Wang graduates.
2017 June Nishad Singh graduates from University of California, Berkeley.
2017 November Alameda Research is founded in Berkeley, California by SBF and Gary Wang as a crypto hedge fund.
2019 April Dotcom Silo is founded in Hong Kong by SBF, Gary Wang, and Nishad Singh.
2019 July FTT token is launched.
2019 November Series A. Binance invests in FTX.
2020 January WRS (FTX US) is founded by SBF, Gary Wang, and Nishad Singh.
2020 November The DARE Act is passed in The Bahamas.
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 July FTX Digital Markets is formed in Bahamas.
2021 July FTX receives $1 Billion in Series B financing. Investors include Sequoia, Paradigm, and Thoma Bravo. Binance divests its entire equity stake.
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]
2021 September SBF in Bahamas announces FTX DM registration with SCB.
2021 October FTX receives $420 million in Series B-1 funding. Investors include the OTPPB, Tiger Global, and BlackRock.
2022 January FTX receives $500 million in Series C funding round. Investors include Paradigm, SoftBank and Temasek.
2022 April The Golden State Warriors drops its second NFT collection on the FTX NFT marketplace, commemorating its 2022 NBA playoffs performance.[2]
2022 May WRS moves headquarters to Chicago.
2022 June 6 SBF tweets:
Zig Zag and hiring:

why FTX is going to keep growing as others cut jobs.[3]

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 WRS starts moving headquarters to Miami.
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:

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What the timeline is still missing

  1. https://www.youtube.com/watch?v=2D5PcagsgDQ
  2. https://www.youtube.com/watch?v=LWq77i9mIRE
  3. Now-deleted Sequoia profile of FTX covers a lot of details about how it was founded
  4. https://forum.effectivealtruism.org/posts/KBw6wKDbvmqacbB5M/crypto-markets-ea-funding-and-optics
  5. https://80000hours.org/stories/sam-bankman-fried/
  6. https://www.youtube.com/watch?v=vc5HXxxwMrg&t=945s

Timeline update strategy

See also

External links

References

  1. 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. 2.0 2.1 2.2 "Golden State Warriors and Miami Heat Axe FTX Deals". Blockworks. 15 November 2022. Retrieved 26 November 2022. 
  3. "why FTX is going to keep growing as others cut jobs". Twitter. Archived from the original on November 19, 2022. Retrieved 25 November 2022. 
  4. Sam Trabucco. "I guess that's about it". Twitter. Archived from the original on November 16, 2022. Retrieved 15 November 2022. 
  5. 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.