SBF

Timeline

From media accounts that have not been disputed by FTX or its affiliates. Where it's from allegations in CFTC or SEC complaints, that's noted.

2017

• Jan. 1. Bitcoin price breaks $1,000 for the first time since 2013.
• Oct. or Nov. Alameda founded in Berkeley (CFTC). Gary Wang and Tara MacAulay are early leaders.
• Dec. Nishad Singh joins.
• Dec. 17. New bitcoin all‐time high, $19,783.

2018

• Jan. SBF presents Alameda to notable crypto investors in San Francisco.
• March. Caroline Ellison joins Alameda (SEC) from Jane Street.
• April. MacAulay and many other associates from the EA movement leave and take a large amount of capital with them.
• Late. They begin work on a derivatives exchange that would become FTX (CFTC).
• Dec. 15. Bitcoin's nadir, at $3,236.

2019

• Early. Team moves to Hong Kong.
• May. FTX begins. Deposits to FTX are made into an Alameda Bank Account opened in the name of “North Dimension,” accounted for manually into customer accounts at FTX.
• July 19. FTX launches the ftt token (SEC).
• Aug. $8 million series A for FTX (SEC). Code is written to allow Alameda to have a negative balance on FTX (SEC).
• Nov. Binance gets 20% stake (CFTC) (could be the same terms as August)

2020

• Jan. FTX US established (CFTC)
• March. Solana launches beta.
• May. Negative balance code is updated (SEC). FTX US goes live.
• Aug. FTX acquires Blockfolio. FTX finally has its own bank account, but never moves prior FTX deposits to Alameda over to that account, leaving $8 billion behind (CFTC). SushiSwap ...