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FTX collapsed in Manhattan, leading to Bankman-Fried using FTX to cover Alameda losses and seeking a pardon from Donald Trump.

4 reports, 4 independent Updated Jul 17
Gone quiet Reached 3 outlets in its first 24 hours
Reports
4
Developments
9
Repetition
25%

New informationRepeats or wire copies

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 4 independent outlets

FTX collapsed in Manhattan, leading to Bankman-Fried using FTX to cover Alameda losses and seeking a pardon from Donald Trump.

Who's involved

What this event is mainly about
FTXAlameda ResearchDonald Trump

How it developed

Newest first. Tap a step to see who reported it.
  1. Caroline Ellison and Gary Wang are implicated in the FTX fraud, with Wang writing code to drain funds and Ellison running Alameda Research.Sub-event
  2. Government seized assets from FTX and Alameda Research, transferring them to Coinbase, while Trump issued an executive order restricting sales.Sub-event
  3. A court ruling in Manhattan addressed trading losses related to FTX and Alameda Research involving Sam Bankman-Fried.Sub-event
  4. Bankman-Fried founded FTX and a federal appeals court ruling took place in Manhattan.Sub-event
  5. Kaplan oversaw the trial of Sam Bankman-Fried, the former CEO of FTX.Sub-event
  6. Sam Bankman-Fried was found guilty in Manhattan for stealing FTX funds to cover Alameda Research losses.Sub-event
  7. Bankman-Fried seeks a pardon from Donald Trump following the FTX collapse.1 source
  8. SBF founded FTX as a Bahamian exchange and used its funds to cover Alameda losses.1 source
Show 1 earlier step
  1. FTX funds used to cover Alameda losses; Bankman-Fried seeks pardon from Trump.1 source

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The entities involved

Coverage

Newest first; wire copies grouped