sam bankman-fried

  1. Hanno Labuschagne

    SIM-swapping fraudsters took R7.5 billion from FTX after bankruptcy

    SIM-swapping fraudsters took R7.5 billion from FTX after bankruptcy Three people have been charged with orchestrating a SIM-swapping scam that siphoned more than $400 million (R7.45 billion) from FTX as the cryptocurrency exchange spiraled into bankruptcy. Hours after FTX filed for bankruptcy...
  3. Hanno Labuschagne

    FTX reveals draft plan to pay back the money

    FTX reveals draft plan to pay back the money FTX Group unveiled a draft creditor-repayment plan as part of its bankruptcy that calls for settling customer claims in cash and wiping out its digital token FTT. The plan — which FTX expects to amend based on feedback from stakeholders — proposes...
  4. Hanno Labuschagne

    FTX sues SBF and former associates over R17.9 billion in bad deals

    FTX sues SBF and former associates over R17.9 billion in bad deals Bankrupt FTX Trading Ltd. will try to claw back millions of dollars in cash and unwind more than $1 billion (R17.88 billion) in questionable transactions as part of a new lawsuit filed against company founder and alleged...
  5. Hanno Labuschagne

    SBF not allowed to use smartphone while out on bail

    SBF not allowed to use smartphone while out on bail Sam Bankman-Fried’s communication device will be a flip phone or some other “non-smartphone” without internet capabilities or such access disabled while he’s out on bail, prosecutors said. Limiting the FTX founder’s access to a device that...
  6. Hanno Labuschagne

    FTX Japan will be first unit to reopen withdrawals

    FTX Japan will be first unit to reopen withdrawals The Japanese subsidiary of Sam Bankman-Fried’s failed crypto exchange plans to reopen withdrawals on Tuesday, making itself the first of the FTX group’s businesses to return money to clients. FTX Japan K.K. will start allowing customers to...
  7. Hanno Labuschagne

    More than R60 billion in crypto at FTX seized by Bahamas

    More than R60 billion in crypto at FTX seized by Bahamas Bahamian authorities took control of $3.5 billion (R60.3 billion) worth of digital assets at FTX Digital Markets shortly after it filed for Chapter 11 bankruptcy protection based on information provided by founder Sam Bankman-Fried...
  8. Hanno Labuschagne

    SBF willing to testify before US lawmakers

    SBF willing to testify before US lawmakers Sam Bankman-Fried says he will testify before the House Financial Services Committee after he’s finished “learning and reviewing” the events that led to the implosion of FTX. Representative Maxine Waters, the committee’s chair, last week invited...
  9. Hanno Labuschagne

    FTX collapse series in the works with Avengers duo slated to direct

    FTX collapse series in the works with Avengers duo slated to direct Amazon has ordered an eight-episode limited TV series based on the events leading up to the collapse of cryptocurrency exchange FTX, Variety reports. The first episode (the "pilot") of the series will be written and executive...
  10. Hanno Labuschagne

    New FTX CEO details chaos left behind by Sam Bankman-Fried

    New FTX CEO details chaos left behind by Sam Bankman-Fried Advisers overseeing the ruins of Sam Bankman-Fried’s FTX Group laid bare a stunning list of allegations against the company’s former leadership Thursday, slamming non-existent oversight and the misuse of client funds as they struggle to...
  11. Hanno Labuschagne

    SBF defends FTX collapse in long Twitter thread

    SBF defends FTX collapse in long Twitter thread Confronted by a crypto crisis he helped spark, former FTX.com chief executive officer Sam Bankman-Fried is tweeting through it. On Wednesday, he added a further 18 tweets to a meandering thread he started at the beginning of the week. [Bloomberg]
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