#2022

A year has passed since November 11, 2022, the day Sam Bankman-Fried resigned as the CEO of FTX and the company filed for bankruptcy.

CZ's net worth now stands at $17.3 billion, marking an 82% drop from its peak of $96.9 billion in January 2022. Back then, the Binance CEO was ranked 11th among the world’s richest people.

On November 11, 2022, alarming withdrawals raised concerns among former staff and executives.

The SEC, which has been investigating Elon’s 2022 Twitter share purchase, is now taking legal action to compel his testimony and compliance with their subpoena.

In the first half of 2023, the crypto exchange Upbit faced 159,000 attacks, marking a 117% surge from early 2022 figures. These persistent threats pushed the exchange to transfer up to 70% of its funds to cold wallets and to ramp up its security measures. However, despite these precautions, the exchange mistakenly recognized fake APT deposits as legitimate.

A spokesperson for the university stated that they have been in talks with FTX debtor attorneys to facilitate the full return of the donated funds. It’s worth noting that Sam Bankman-Fried’s parents have a longstanding association with Stanford Law School, serving as legal scholars and professors there. The donations in question, totaling approximately $5.5 million, were made by FTX-related entities between November 2021 and May 2022 for pandemic-related prevention and research.