FTX and Binance’s ongoing saga: Everything that’s happened until now By Cointelegraph

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FTX and Binance’s ongoing saga: Everything that’s happened until now

All dates are Coordinated Universal Time (UTC).

Nov. 2 — Reports SBF-founded company held significant amounts of FTT

The saga kicked off on Nov. 2 after reports that a leaked balance sheet from the Sam Bankman-Fried-founded trading firm Alameda Research suggested the company held a significant amount of (FTT), the native token of the FTX cryptocurrency exchange.

Nov. 5 — Trackers pick up significant FTT movement to Binance

Nov. 6 — Alameda CEO explains the balance sheet

Nov. 6 — Binance moves to liquidate FTT holdings due to ‘recent revelations’

Nov. 6 — Alameda CEO offers to buy Binance’s FTT holdings

Nov. 7 — FTX ‘bank-run’ begins, exchange addresses sluggish withdrawals

Nov. 7 — SBF says ‘assets are fine’, implores CZ to come together

Nov. 7 — CZ refuses Alameda’s over-the-counter deal

Nov. 8 — FTT price and crypto markets start to waiver

Nov. 8 — FTX faces a ‘liquidity crunch’, moves to sell exchange to Binance

Nov. 8-9 — SBF removes ‘assets are fine’ tweet, FTX websites go dark

Nov. 9 — Binance officially backs out of the agreement

Nov. 9 — Crypto market in a sea of red

Nov. 9 — SBF reportedly tells investors he needs $8B in emergency funding

Nov. 9 — FTX website urges against depositing, unable to process withdrawals