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Organization

FTX

Cryptocurrency exchange founded by Sam Bankman-Fried; it filed for bankruptcy in November 2022.

7 links, 6 backed by primary records

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Dates
2019 – 11 Nov 2022
Over time
  1. Active 2019 – 11 Nov 2022
  2. CEO John J. Ray III 11 Nov 2022 –

Connections 7

founded by

CEO

investors

  • Sequoia Capital 2021 $214M Scholarship & press 4

    As reported by Bloomberg, from people familiar with a call with Sequoia’s investors; Sequoia declined to comment.

awarded a contract to

  • Prager Metis auditor of the Dotcom group (FTX.com) Primary record 2

involved in

located in

  • The Bahamas Primary record 2

    Many companies of the group were organised in Antigua and the Bahamas.

Timeline 3 dates
  1. 2019 – 11 Nov 2022 FTX
  2. 2021 Sequoia Capital invested in FTX
  3. 11 Nov 2022 – John J. Ray III CEO of FTX
Proof 4 sources
  1. Samuel Bankman-Fried Sentenced To 25 Years In Prison, U.S. Attorney’s Office, Southern District of New York, 28 Mar 2024. Primary record Archived copy
    The defendant, who was the founder of the cryptocurrency exchange FTX and the cryptocurrency trading firm Alameda Research, misappropriated billions of dollars of customer funds deposited with FTX
  2. Declaration of John J. Ray III in Support of Chapter 11 Petitions and First Day Pleadings, U.S. Bankruptcy Court for the District of Delaware (filed for the FTX debtors), 17 Nov 2022. Primary record
    I am the Chief Executive Officer of the above-captioned debtors and debtors-in-possession (collectively, the “Debtors”), having accepted this position in the early morning hours of November 11, 2022.
    The audit firm for the Dotcom Silo was Prager Metis, a firm with which I am not familiar and whose website indicates that they are the “first-ever CPA firm to officially open its Metaverse headquarters in the metaverse platform Decentraland.”
    My first official act in these roles was to authorize the chapter 11 filings of the Debtors and the commencement of the above-captioned chapter 11 cases (the “Chapter 11 Cases”).
    Many of the companies in the FTX Group, especially those organized in Antigua and the Bahamas, did not have appropriate corporate governance.
  3. United States Attorney Announces Charges Against FTX Founder Samuel Bankman-Fried, U.S. Attorney’s Office, Southern District of New York, 13 Dec 2022. Primary record Archived copy
    a federal grand jury in New York has indicted the former founder and chief executive officer of FTX
  4. Crypto crisis: Sequoia’s SA-born leader Roelof Botha apologises for R3.6bn FTX investment, News24 (Bloomberg), 23 Nov 2022. Scholarship & press Archived copy
    investments totaling $214 million (R3.6 billion) in FTX.com and FTX.us across two funds
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