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Apple has reportedly shelled out $5 million to secure the rights to Michael Lewis' upcoming book on Sam Bankman-Fried (SBF), the former CEO of FTX.
The book, titled "Going Infinite: The Rise and Fall of a New Tycoon," is set to launch on October 3, coinciding with the start of SBF's criminal trial in New York.
A documentary is also in the pipeline, directed by Nanette Burstein, known for her work on crypto evangelist John McAfee and Hillary Clinton.
The FTX founder, Sam Bankman-Fried, has publicly declared his innocence. He responded to charges of fraud, money laundering, and recent allegations concerning breaches of election campaign finance laws.
He articulated his defense on August 22nd in the Southern District Court of New York.
The U.S. Department of Justice is escalating its legal fight against the founder of FTX, employing intimate writings from his ex-girlfriend Caroline Ellison, who once managed investment company Alameda Research.
From October 2nd, the court will see evidence pulled from Caroline's personal documents. A notable inclusion is a list termed "Things Sam is Freaking Out About," pointing towards alleged financial misconduct at FTX. The case's evidence will also feature undisclosed recordings and messages from FTX insiders.
The ex-CEO of FTX will now be detained in a New York jail until his court hearings are complete.
The revealing of snippets from Caroline Ellison's diary to The New York Times, viewed as potential witness tampering, significantly impacted the verdict.
Additionally, he has reportedly breached house arrest guidelines by accessing VPN and Signal.
A federal judge overseeing the criminal case against Sam Bankman-Fried is set to review the possibility of revoking the former FTX CEO’s $250 million bail following allegations of intimidation against Caroline Ellison.
Additionally, federal prosecutors in New York have requested that Sam Bankman-Fried be jailed before his scheduled October trial.
At a hearing in Manhattan federal court, prosecutor Danielle Sassoon argued that “no set of release conditions can ensure the safety of the community.”
Web3 studio Toonstar is currently developing an animated satirical series named FORTUN3. The show's storyline draws inspiration from the real-life events surrounding the FTX exchange, spotlighting Sam Bankman-Fried.
The release of the series is scheduled for this coming fall. Viewers will have the opportunity to interact with the show through an online game that can be accessed via an NFT. 360+ Companies Eager to Back FTX Relaunch
Alvarez & Marsal, legal advisor to crypto exchange FTX, made public in late June a list of companies prepared to invest in the exchange's reboot. Despite the harshly negative publicity surrounding Sam Bankman-Fried's enterprise, significant players have shown a readiness to back his now-bankrupt venture.
The French Data Protection Agency (CNIL) has conducted inspections at Worldcoin's Paris office due to concerns about the company's biometric data collection practices. Worldcoin, co-founded by ChatGPT CEO Sam Altman, scans users' irises in exchange for a digital ID and the promise of free cryptocurrency. The Worldcoin Foundation, incorporated in the Cayman Islands, has expressed its willingness to undergo the review and affirms its commitment to complying with regulatory requirements.
Sam Bankman-Fried's attorneys argue that he cannot adequately prepare for trial in prison. This is due to prosecutors handing him an additional four million pages of documents to review just six weeks before his scheduled October trial.
"We do not believe that anything short of temporary release will properly address these problems and safeguard Mr. Bankman-Fried’s right to participate in his own defense," the attorneys wrote.
After his brief time in custody, Sam Bankman-Fried is already petitioning to spend five days each week outside the confines of the detention facility. His legal team is vocal about the obstacles he's facing, especially the considerable challenge of reviewing numerous papers connected to his case whithin the detention center.
As he awaits his trial scheduled for October 2nd, Sam Bankman-Fried finds himself in the Brooklyn Metropolitan Detention Center, notorious for its unsafe and unsanitary conditions.
In the past two days, two notable developments have emerged:
Yesterday, his legal team sought approval from a federal judge to allow him access to antidepressants while in detention.
According to a letter from his doctor, Sam has been receiving psychiatric treatment since February 2019 and “has a history of Major Depressive Disorder and Attention Deficit Hyperactivity Disorder (ADHD).”
Meanwhile, federal prosecutors claim that Bankman-Fried used funds taken from FTX customers to contribute more than $100 million to political campaigns before the 2022 U.S. midterm elections.
Antidepressants won’t help here either.
Kenya’s Interior Minister Kithure Kindiki announced the suspension of Worldcoin’s local activities in the country.
Relevant agencies are conducting inquiries and investigations to determine the authenticity and legality of the activities, ensuring the absence of risks to Kenyans.
The video shows people lining up to have their irises scanned, with the promise of receiving 25 free Worldcoin tokens ($56) in Kenya.
We've previously detailed Sam Altman's vision for the Worldcoin project in our article.
Germany's data watchdog has been scrutinizing the Worldcoin initiative since the previous year due to apprehensions concerning the extensive processing of confidential biometric information.
Currently, concerns have been raised about Sam Altman's project from the United Kingdom, France, and Germany.
The UK's data watchdog is setting its sights on Worldcoin, Sam Altman's initiative offering free crypto for iris scans.
With digital ID on one side and cryptocurrency on the other, it's caught the Information Commissioner's Office's attention.
"We note the launch of WorldCoin in the UK and will be making further enquiries," a spokesperson for the ICO says. FXS Token Buyback Proposal Gets Founder's Nod
Cryptocurrency research firm, Ouroboros Capital, has proposed a more dynamic token buyback strategy that has piqued the interest of Frax Finance's founder, Sam Kazemian. The proposal aims to better leverage price fluctuations in the Frax Share (FXS) token to optimize the efficiency of the current buyback and burn campaign. 



