Have a look at the complete timeline of the infamous Sam Bankman Fried's FTX case.
April to July 2022: A series of crypto collapses, triggered a wave of bankruptcies among crypto lenders like Celsius, BlockFi and Voyager. FTX moved to bail out BlockFi. (Sam Bankman-Fried was the Co-Founder of FTX)
Nov 2, 2022: Leaked financials from Alameda Research shed light on the cozy relationship between the trading firm and FTX. Large amount of the trading firm's assets were held in the FTX native token FTT. (He was also the founder of Alameda Research)
Nov 6, 2022: Binance announced that it will sell off its substantial holdings of FTT. Prices of token began to fluctuate, dropping up to 10% and dipping below $22 for periods the same day.
Nov 8, 2022: Binance entered into a nonbinding agreement to purchase FTX completely. The buyout depended on a due diligence check of FTX's financials. After the due diligence, Binance backed out.
Nov 10 to 11, 2022: Sam Bankman-Fried announced that Alameda Research will shut down. FTX, FTX.us, Alameda and dozens of subsidiaries filed for bankruptcy in the US. SBF resigned as CEO. Later FTX was hacked and over $300 million was moved off the exchange.
Nov 13 to 16, 2022: Reuters reported that at least $1 billion in FTX customer funds weren't accounted for. A class action lawsuit was filed in Florida against FTX.
Dec 12, 2022: Shortly before he is expected to travel to US to testify before Congress, SBF was arrested in the Bahamas after US notified that it had filed fraud charges against him.
February 2023: All 3 former inner circle colleagues of SBF plead guilty to fraud charges and agreed to cooperate leaving him cornered.
August 2023: SBF was remanded to Brooklyn's Metropolitan Detention Center pending trial. The trial began on October 3.
Nov 2 2023: A New York jury found Bankman-Fried guilty on all seven charges of fraud and money laundering and rejected his claims of innocence.