May 2019
FTX begins raising money from investors
According to the SEC, FTX raised more than $1.8 billion from equity investors from at least May 2019, including about $1.1 billion from roughly 90 US-based investors.
Company
How FTX unfolded
FTX was a cryptocurrency exchange founded by Sam Bankman-Fried and Gary Wang that began raising money from investors in 2019 and was based in the Bahamas. It collapsed in November 2022 after a run on customer withdrawals and filed for bankruptcy in the United States. Bankman-Fried was convicted of fraud and conspiracy and sentenced to 25 years in prison, while the bankruptcy estate has since returned billions of dollars to creditors.
May 2019 to today · 19 dated events · 15 sources
Where it stands now · as of 31 October 2026
The FTX Recovery Trust is distributing assets to creditors under the bankruptcy plan and announced a fifth distribution for 31 July 2026. Bankman-Fried is serving a 25-year sentence, has petitioned the Supreme Court after the Second Circuit upheld his conviction, and has applied for a presidential pardon, Bloomberg Law reported.
Next date
16 November 2026 Government response due on Bankman-Fried's Supreme Court petition
16 November 2026 Government response due on Bankman-Fried's Supreme Court petition
raised from equity investors since at least May 2019$1.8bnSEC allegation
FTX group entities that filed for bankruptcy134
prison sentence for Bankman-Fried25 yearsplus forfeiture of over $11 billion
fifth creditor distribution, announced for 31 July 2026$900mcompany figure
Overview · May 2019 to 10 Sep 2026 · click a dot to jump
2019
· · · 42 months later
2022
Nov 2022
Binance rescue deal abandoned
Binance chief executive Changpeng Zhao initially agreed to acquire FTX.com and then backed out, saying its problems were beyond Binance's ability to fix, Axios reported.
2 Nov 2022
Turning point
Report on Alameda's balance sheet
CoinDesk reported, citing a private document, that Alameda Research, Bankman-Fried's trading firm, had $14.6 billion of assets as of 30 June 2022, with FTT, a token issued by FTX, making up much of them.
11 Nov 2022
Turning point
FTX files for bankruptcy and Bankman-Fried resigns
134 FTX group entities, including FTX Trading and FTX US, filed jointly for Chapter 11 bankruptcy protection in the United States. Bankman-Fried stepped down as chief executive and John J. Ray III was appointed, Axios reported.
12 Dec 2022
Bankman-Fried arrested in the Bahamas
Bankman-Fried was arrested in the Bahamas at the request of US prosecutors.
13 Dec 2022
Eight-count indictment unsealed
Federal prosecutors in Manhattan unsealed an eight-count indictment charging Bankman-Fried with wire fraud, several fraud and money laundering conspiracies, and conspiracy to commit campaign finance violations. The case was assigned to Judge Lewis A. Kaplan.
13 Dec 2022
SEC charges Bankman-Fried
The SEC charged Bankman-Fried with defrauding FTX equity investors, alleging he concealed the diversion of customer funds to Alameda Research.
13 Dec 2022
CFTC files parallel charges
The Commodity Futures Trading Commission announced its own charges against Bankman-Fried on the same day, the SEC said.
19 Dec 2022
Ellison and Wang plead guilty
Caroline Ellison, former chief executive of Alameda Research, and FTX co-founder Gary Wang pleaded guilty to fraud and conspiracy charges and were cooperating with prosecutors, the US Attorney said.
21 Dec 2022
Bankman-Fried extradited to the United States
Bankman-Fried was extradited from the Bahamas to the United States.
“this investigation is very much ongoing, and it's moving very quickly.”Damian Williams, US Attorney, US Attorney's Office, Southern District of New York
2023
2 Nov 2023
Turning point
Jury convicts Bankman-Fried on seven counts
A jury convicted Bankman-Fried on all seven counts he was tried on: two counts of wire fraud and five conspiracy counts, including securities, commodities and money laundering conspiracy.
2024
28 Mar 2024
Turning point
Sentenced to 25 years
Judge Kaplan sentenced Bankman-Fried to 25 years in prison and three years of supervised release and ordered forfeiture of over $11 billion.
“As a result of his unprecedented fraud, Bankman-Fried faces 25 years in prison and forfeiture of over $11 billion.”Damian Williams, US Attorney, US Attorney's Office, Southern District of New York
16 Dec 2024
Plan effective date set
FTX announced that its court-approved Chapter 11 plan would become effective on 3 January 2025, with an initial distribution to convenience class creditors expected within 60 days.
2025
19 Sep 2025
Third distribution announced
The FTX Recovery Trust announced a third distribution of about $1.6 billion to begin on 30 September 2025, bringing cumulative distributions to 78 percent for FTX.com customer claims and 95 percent for US customer claims.
2026
18 Mar 2026
Fourth distribution of about $2.2 billion announced
The trust announced a fourth distribution of about $2.2 billion to begin on 31 March 2026. It said cumulative distributions would reach 96 percent for FTX.com customer claims and 100 percent for US customer and general unsecured claims.
26 May 2026
Next distribution scheduled
FTX set a 16 June 2026 record date and said its next distribution would be made on 31 July 2026.
12 Jun 2026
Turning point
Appeals court upholds conviction
A three-judge panel of the US Court of Appeals for the Second Circuit unanimously upheld Bankman-Fried's conviction and rejected his claims that he did not receive a fair trial, Bloomberg Law reported.
17 Jul 2026
Fifth distribution of about $900 million announced
FTX said it would begin a fifth distribution of about $900 million on 31 July 2026, taking cumulative distributions to 105 percent for FTX.com and US customer claims and 103 percent for general unsecured claims.
10 Sep 2026
Bankman-Fried asks the Supreme Court to review his case
Bankman-Fried filed a petition for a writ of certiorari in the US Supreme Court, docketed on 15 September 2026. The court later extended the government's time to respond to 16 November 2026.
Related timelines
Court case🇺🇸
Sam Bankman-Fried FTX case
Federal prosecutors in the Southern District of New York charged that Bankman-Fried defrauded FTX customers and investors and lenders to Alameda Research. The SEC separat...
2022 to now · 7 eventsOngoing
Court case🇺🇸
Binance and Changpeng Zhao case
The US Department of Justice alleged that Binance prioritised growth and profits over compliance with US law, failed to maintain an effective anti-money laundering progra...
2023 to now · 6 eventsOngoing
Company🇺🇸 🇮🇪 🇧🇪 🇱🇺
Apple
Apple was founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne and went public in 1980. After Jobs returned in 1997 it introduced the iPod, iPhone and iPad, and ...
1976 to now · 31 eventsOngoing
Company🇺🇸 🇮🇩 🇪🇹
Boeing
Boeing began in Seattle in 1916 as Pacific Aero Products and grew into a major maker of commercial jets and a defence and space contractor. Two fatal 737 MAX crashes in 2...
1916 to now · 25 eventsOngoing
Sources
15 records, ranked by type- 1Official record13 Dec 2022SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTXUS Securities and Exchange Commission · sec.gov
- 2News report2 Nov 2022Divisions in Sam Bankman-Fried's Crypto Empire Blur on His Trading Titan Alameda's Balance SheetCoinDesk · coindesk.com
- 3News report11 Nov 2022FTX starts bankruptcy proceedings and Bankman-Fried resigns as CEOAxios · axios.com
- 4Official record13 Dec 2022United States Attorney Announces Charges Against FTX Founder Samuel Bankman-FriedUS Attorney's Office, Southern District of New York · justice.gov
- 5Official record6 Mar 2024United States v. Samuel Bankman-Fried, 22 Cr. 673 (LAK)US Attorney's Office, Southern District of New York · justice.gov
- 6Official record22 Dec 2022United States Attorney Announces Extradition Of FTX Founder Samuel Bankman-Fried To The United StatesUS Attorney's Office, Southern District of New York · justice.gov
- 7Official record28 Mar 2024Samuel Bankman-Fried Sentenced To 25 Years In PrisonUS Attorney's Office, Southern District of New York · justice.gov
- 8Subject's own statement18 Mar 2026FTX Recovery Trust to Distribute Approximately $2.2 Billion to Creditors in Fourth Distribution on March 31, 2026FTX Recovery Trust via PR Newswire (reproduced by KBEW) · lifestyle.kbew98country.com
- 9Subject's own statement26 May 2026FTX Sets Next Distribution Date and Amends Proposed Disputed Claims Reserve ReductionFTX via PR Newswire · prnewswire.com
- 10News report12 Jun 2026Sam Bankman-Fried Loses Appeal of Conviction for FTX FraudBloomberg Law · news.bloomberglaw.com
- 11Subject's own statement16 Dec 2024FTX Announces Effective Date and Record Date of January 3, 2025 for its Chapter 11 Plan of ReorganizationFTX via PR Newswire (reproduced by Moomoo) · moomoo.com
- 12Official record2 Nov 2023Statement Of U.S. Attorney Damian Williams On The Conviction Of Samuel Bankman-FriedUS Attorney's Office, Southern District of New York · justice.gov
- 13Subject's own statement19 Sep 2025FTX Recovery Trust to Distribute Approximately $1.6 Billion to Creditors in Third Distribution on September 30, 2025FTX via PR Newswire (reproduced by finanzen.net) · finanzen.net
- 14Subject's own statement17 Jul 2026FTX Announces Fifth Distribution of Approximately $900 Million to Creditors on July 31, 2026FTX via PR Newswire · prnewswire.com
- 15Official record15 Oct 2026Docket No. 26-349, Samuel Bankman-Fried v. United StatesSupreme Court of the United States · supremecourt.gov
Last updated 31 October 2026. Spotted an error? See corrections. Every event links to the record it comes from. Allegations are attributed to whoever made them.