Monthly Archives: December 2022

Sam Bankman-Fried says he ‘misaccounted’ $8 billion after FTX customers wired money to hedge fund Alameda and the cash was counted twice

Sam Bankman-Fried co-founded the crypto exchange FTX in 2019. FTX Sam Bankman-Fried showed a Bloomberg reporter a spreadsheet of company finances. He said that problems were discovered after FTX and Alameda finances were added together. The company, which had no accounting department, had double-counted $8 billion. Sam Bankman-Fried says he “misaccounted” $8 billion after some…

Elon Musk says he’d be comfortable implanting a Neuralink brain chip in one of his children

Neuralink is a neurotechnology company co-founded by Elon Musk. Patrick Pleul/AP Elon Musk says he’d be comfortable implanting a Neuralink brain chip into one of his children.  Speaking at a company event, Musk said such a move would not be dangerous, in his opinion. Neuralink’s interface hopes to give some people a way to communicate…

FTX customers could get their money back in Japan, where the local unit is working on unfreezing withdrawals

FTX’s Japan unit said it’s working on unfreezing client withdrawals. SOPA Images / Contributor/ Getty Images FTX users could get their money back in Japan, where the local unit is working on unfreezing withdrawals. It would be a rare case of FTX customers recovering funds locked on the platform since early November. The now-bankrupt crypto…