The Fall of Sam Bankman-Fried and His Crypto Empire: A Timeline

Andrew Ross Sorkin and Sam Bankman-Fried on stage at the 2022 New York Times DealBook in New York City, on Nov. 30, 2022. Thos Robinson/Getty Images for The New York Times

Sam Bankman-Fried, a 25-year-old MIT graduate, left the quantitative trading firm Jane Street in 2017 to start his own hedge fund, Alameda Research. At first, the crypto-centric fund focused on low-risk algorithmic trades.

After two years of running the business, Bankman-Fried embarked on the ambitious goal of starting a crypto trading exchange that would become FTX.