FTX Fiasco Timeline: From Inception To Sam Bankman-Fried's 25-Year Jail Sentencing, Here's A Definitive Account Of Top Events

Sam Bankman-Fried was sentenced to 25 years in prison on Thursday. Here's a complete account of what went down.

Bankman-Fried had earlier pleaded not guilty to multiple charges.

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Sam Bankman-Fried, the ex-CEO of the now-defunct cryptocurrency exchange FTX, was sentenced to 25 years in prison over an $8-billion scam after a dramatic legal showdown. In case you were wondering what went down, here's a detailed timeline of the FTX fiasco, from the inception of the company to Bankman-Fried's prison sentencing: May 2019: Establishment of FTXIn 2019, Sam Bankman-Fried initiated FTX, a cryptocurrency exchange that would eventually be valued at over $32 billion at its peak.