The Complete Process of FTX's Collapse in 2022: November 2: Coindesk published an article exposing the balance sheet issues of Alameda Research, raising market concerns about the financial condition of Alameda and FTX.

November 6: Binance founder Changpeng Zhao announced the liquidation of all FTT on their books, leading to a rapid decline in FTT prices and triggering a run on FTX.

November 8: Binance announced a full acquisition of FTX, but it was a loose letter of intent, causing FTT prices to plummet from $20 to $3, resulting in the complete collapse of FTX.

November 9: Binance announced it would abandon the acquisition of FTX, and FTX halted user withdrawals.

November 11: FTX, FTX US, and Alameda filed for bankruptcy protection, and FTX founder Sam Bankman-Fried resigned.

These events marked the rapid collapse of FTX, from a crisis of market trust to the eventual filing for bankruptcy protection, all occurring in less than ten days.