FTX: the Collapse A Concise Course of events Paving the way to the Collapse. >> November 2017 — Establishing of Alameda Exploration ("Alameda") Alameda was established in November 2017 by Sam Bankman-Broiled, otherwise called SBF for short, as a quantitative exchanging firm. Alameda and SBF rose to unmistakable quality with its exchange on what was known as the "Kimchi Premium" — which alludes to oddly greater costs of Bitcoin in a few Asian nations. Alameda accordingly became one of the most powerful investments, exchanging firms, and market producers in crypto. >> May 2019 — Establishing of FTX Trade ("FTX") FTX was established in May 2019 by SBF as a brought-together crypto trade that spends significant time in subsidiaries and utilized items. >> December 2019 — Binance Pulls out all the stops In late 2019, Binance reported an essential interest in FTX. This speculation was invited by SBF, who expressed that "the venture wil...