Sam Bankman-Fried Archives - Cryptotimes Africa

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FTX Reportedly Considering Bids to Restart Exchange, Decision Expected by Year End

by Crypto Oracle October 25, 2023

Fallen crypto exchange FTX is currently evaluating proposals from three prospective bidders seeking to restart the crypto trading platform, according to a recent Bloomberg report. During a court hearing held in Wilmington, Delaware, Kevin M. Cofsky, the investment banker representing FTX from Perella…

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Alameda Research Lost $200M to Several Phishing Attacks Due to “Poor Security Practices”: Ex-FTX Engineer

by Crypto Oracle October 12, 2023

Former Alameda Research software engineer Aditya Baradwaj has exposed several security flaws that reportedly caused the FTX’s sister hedge fund at least a staggering $200 million. In a series of posts on X (Twitter), titled ‘The Hacks,’ the whistleblower revealed, “poor security practices at Alameda Research…

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Stanford University to Return $5.5 Million Worth Gifts Received From Bankrupt FTX

by Crypto Oracle September 20, 2023

Stanford University is in talks with the attorneys for the beleaguered FTX to return the “entirety” of gifts that it received from the bankrupt crypto exchange and related entities. The move comes after a lawsuit against the parents of its founder and former CEO,…

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Leaked Writings Reveal Sam Bankman-Fried’s Struggles Post-FTX Collapse

by Crypto Oracle September 18, 2023

Sam Bankman-Fried, the former CEO of crypto exchange FTX, has expressed his deep frustration and regret over the situation he finds himself in in a leaked 250-page manuscript. In the writings, said to be leaked to crypto influencer Tiffany Fong and later shared with…

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FTX Claims Portal Back in Action After Cybersecurity Incident in August

by Crypto Oracle September 17, 2023

FTX has reopened its customer claims portal, unfreezing user accounts that were affected by a cybersecurity incident in August. In a recent statement, FTX clarified that the freezing of customer accounts was a precautionary measure and emphasized that additional security measures have been…

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Apple secures rights to book on Sam Bankman-Fried for $5M: Report

by Crypto Oracle September 10, 2023

“Big Short” author Michael Lewis’ book on the former FTX CEO is scheduled to be released on Oct. 3, the day SBF’s criminal trial in New York begins. Multinational technology company Apple has reportedly paid $5 million for the rights to author…