FTX collapsed nearly a year ago, after CoinDesk’s Ian Allison reported that Alameda held a massive amount of FTX’s exchange token, FTT, a revelation which, combined with tweets from Binance CEO Changpeng Zhao, sparked what Bankman-Fried described as a “run on FTX” – ultimately leading to FTX, Alameda and the companies’ various subsidiaries filing for bankruptcy.

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• Source: https://www.coindesk.com/policy/2023/11/02/sam-bankman-fried-guilty-on-all-7-counts-in-ftx-fraud-trial/?utm_medium=referral&utm_source=rss&utm_campaign=headlines