After this week’s shocking (and still-unfolding) developments in the crypto industry, including the rapid unraveling of Sam Bankman-Fried’s FTX exchange and Alameda Research trading firm, analysts with CoinDesk Indices worked with CoinDesk journalists to put together an annotated chart of the movements in the 162-asset សន្ទស្សន៍ទីផ្សារ CoinDesk (CMI).
The chart (featured above) shows how digital-asset traders scrambled to keep up.
Here’s a timeline of the events:
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ CoinDesk publishes exclusive revealing key balance-sheet details of Sam Bankman-Fried’s Alameda Research trading firm, showing it’s heavily invested in the FTX exchange’s FTT token.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ Binance CEO Changpeng “CZ” Zhao says he’s selling his remaining holdings of FTT tokens. (Minutes later, Caroline Ellis, CEO of Alameda Research, tweets that Alameda will buy Zhao’s FTT tokens for $22 each.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ នេះ FTT token price falls below $22.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ Binance announces non-binding letter of intent to buy FTX, subject to due diligence, easing the industry panic.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ CoinDesk is first to report Binance is strongly leaning against buying FTX after just a few hours of checking its books and loans.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ Binance officially walks away from the FTX deal.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ Without details, Justin Sun drops hints at saving FTX.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ Bankman-Fried says Alameda Research, the trading firm at the center of the drama, is being wound down.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ FTX assets frozen by Bahamian regulator.
ថ្ងៃទី ៥ ខែវិច្ឆិកា៖ FTX files for bankruptcy protection in U.S.
Source: https://finance.yahoo.com/news/epic-collapse-sam-bankman-frieds-160105048.html