When did FTX collapse? A dated timeline
The essentials in 30 seconds
- FTX collapsed on 11 November 2022, when it filed for bankruptcy in Delaware.
- The trigger was a CoinDesk report on 2 November 2022 about Alameda Research’s balance sheet.
- FTX stopped processing withdrawals on 9 November 2022, after Binance stepped back from a rescue.
- Sam Bankman-Fried was arrested on 12 December 2022 and convicted on 2 November 2023.
- Each date below carries its source.
FTX collapsed on 11 November 2022, when FTX, FTX US, Alameda Research and more than 100 affiliates filed for bankruptcy in Delaware. The chain of events began 9 days earlier, on 2 November 2022. This page gives each date in order as of October 2026, and it belongs to the FTX collapse guide, which tells the story around the dates. This page is general information, not investment advice.
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When did FTX collapse, in one clear answer?
The collapse took place from 2 to 11 November 2022. The first date is the CoinDesk report, and the last date is the Chapter 11 filing in Delaware. If a form asks for one date, 11 November 2022 is the date of the bankruptcy filing, and 9 November 2022 is the date withdrawals stopped.
The figure shows the 4 dates that most readers need. Reports and court records place every other event of the collapse around them. The sections below follow the same order, so you can jump to the day you need and read only the facts documented for that day.
What happened at FTX before November 2022?
Sam Bankman-Fried founded Alameda Research in November 2017. FTX was founded in April 2019 and opened the following month. FTX created its own token, FTT, which launched on 5 May 2019. These dates matter because the later failure linked the exchange, the trading firm and that token.
Between 2019 and 2022 FTX grew into one of the largest crypto exchanges. In July 2022 it agreed a deal with an option to buy BlockFi for up to $240 million, along with a $400 million credit facility. The firm looked like a source of rescue money for weaker companies months before its own failure.
What did the FTX timeline look like from 2 to 8 November 2022?
On 2 November 2022, CoinDesk reported that 40% of Alameda Research’s $14.6 billion in assets was FTT, whether unlocked, locked or used as collateral. That report put the link between the trading firm and the exchange token in public view. Customers began to ask whether FTT could hold its value.
On 8 November, FTT lost 80% of its value. The same day, Sam Bankman-Fried and Binance chief executive Changpeng Zhao announced a nonbinding agreement for Binance to purchase FTX, without FTX US. A nonbinding letter commits neither side, so the markets treated it as a hope, not a rescue.
What happened to FTX withdrawals on 9 and 10 November 2022?
On 9 November 2022, the Wall Street Journal reported that Binance would not proceed. Binance cited reports of mishandled customer funds and pending investigations. FTX stopped processing withdrawals the same day, and reports cite $6 billion in customer withdrawals in the days around it.
On 10 November, the Wall Street Journal reported that Alameda owed FTX some $10 billion. This was a press report, and court documents later addressed the relationship in detail. For a timeline, the useful point is the order: the rescue failed first, the withdrawal stop followed, and the debt report came next.
What happened on 11 November 2022, the FTX bankruptcy day?
On 11 November 2022, FTX, FTX US, Alameda Research and more than 100 affiliates filed for bankruptcy in Delaware. The New York Times said the exchange owed as much as $8 billion. John J. Ray III replaced Sam Bankman-Fried as chief executive after the filing.
Late on 11 November, some $473 million was removed from FTX in unauthorized transactions, according to the account on the public record. The first day of bankruptcy therefore carried both a legal step and a security incident, and the 2 are best kept apart when you cite the date.
Which FTX dates followed the bankruptcy filing?
John J. Ray III filed his initial declaration on 17 November 2022. Sam Bankman-Fried was arrested at his penthouse in the Bahamas on 12 December 2022 by the Royal Bahamas Police Force. Caroline Ellison, chief executive of Alameda Research, pleaded guilty to fraud and related charges on 21 December 2022.
These dates mark the move from a market event to a criminal case. The FTX collapse guide places them in context and links the pages on the charges. A reader who writes a timeline can use the 3 dates as the end of the market phase and the start of the legal phase, which lasted well beyond 2022.
When did the FTX court cases reach a verdict?
A jury found Sam Bankman-Fried guilty on all 7 counts on 2 November 2023, exactly 1 year after the CoinDesk report. On 28 March 2024 he was sentenced to 25 years in prison, and the court ordered a forfeiture of about $11.02 billion.
On 12 June 2026 the Second Circuit affirmed the conviction, the sentence and the forfeiture order. In September 2026 he petitioned the US Supreme Court for a new trial. As of October 2026 the petition is the latest dated step, and a reader should check the court docket before quoting it, because court calendars change and later steps may already exist.
How should you cite the FTX collapse date in a report?
Name the event, not only the day. Write: FTX filed for Chapter 11 bankruptcy in Delaware on 11 November 2022, after withdrawals stopped on 9 November. This sentence holds the 2 dates that readers most often confuse and gives a source-ready claim.
The EQOS Asia method page shows how dated evidence feeds a structured score, and the contact page lets you bring a due diligence question. For the causes behind these dates, return to the FTX collapse guide.
See also in this guide
Frequently asked questions
What date did FTX collapse?
FTX filed for bankruptcy in Delaware on 11 November 2022. Withdrawals had stopped on 9 November, and the first public warning was the CoinDesk report of 2 November 2022. Which date you cite depends on the event you mean: the stop or the filing. State both when the audience is not specialised, and add the CoinDesk date when you explain the trigger.
How many days did the FTX collapse take?
The sequence ran for 9 days, from the CoinDesk report on 2 November 2022 to the bankruptcy filing on 11 November 2022. The days between them carry the Binance letter, the Binance withdrawal and the stop of customer withdrawals. Each of those steps has its own date in the timeline above.
When was Sam Bankman-Fried arrested?
He was arrested in the Bahamas on 12 December 2022. A jury convicted him on 2 November 2023, and he was sentenced on 28 March 2024 to 25 years in prison. Appeal steps continued through 2026, including a ruling by the Second Circuit in June 2026.
Where can you check the dates?
The sources listed at the bottom of this page include the public record summarised on Wikipedia, which cites the news reports and court documents for each date. For a formal citation, open the court docket or the press report named for the event.
Test your knowledge
1. When did FTX file for bankruptcy?
- 9 November 2022
- 2 November 2022
- 11 November 2022
Show the answer
11 November 2022.
2. What did CoinDesk report on 2 November 2022?
- That Binance bought FTX
- That 40% of Alameda’s assets was FTT
- That FTX won an auction
Show the answer
That 40% of Alameda’s assets was FTT.
3. What happened on 12 December 2022?
- Sam Bankman-Fried was arrested
- The jury gave its verdict
- Binance wrote a letter
Show the answer
Sam Bankman-Fried was arrested.
4. How many days separate the report from the filing?
- 19
- 9
- 90
Show the answer
9.
5. What was the sentence given on 28 March 2024?
- 5 years
- 10 years
- 25 years
Show the answer
25 years.
About the author
Stéphane Jambu
President, EQOS Forecast Asia
Stéphane Jambu leads EQOS Forecast Asia and works as a consultant in e-commerce, search visibility, and AI. LinkedIn profile
Sources: EQOS Asia method page (eqos-asia.com/method.html) and contact page (eqos-asia.com/contact.html), en.wikipedia.org/wiki/Collapse_of_FTX, en.wikipedia.org/wiki/Sam_Bankman-Fried, en.wikipedia.org/wiki/BlockFi, consulted on 23 October 2026. Page updated on 23 October 2026.