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Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

TechCrunch

Trading suits for stripes : After much fodder all over the place of why Sam Bankman-Fried was not behind bars sooner for his involvement in the collapse of FTX, Darrell reports that SBF was arrested in the Bahamas amid fraud charges brought by several U.S. raises $52 million , showing that automating accounting processes can be profitable.

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That Fyre Fest tweet with the sad sandwich will be auctioned as an NFT for medical expenses

The Verge

But unlike the Fest itself, the tweeted photo of the limp cheese slice on wheat bread with some greens and a sad tomato in a styrofoam container isn’t a grift; as first reported by Axios , DeHaas is hoping to raise $80,000 which he plans to put toward his medical bills. That is not what happened, however.

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Sam Bankman-Fried launches Substack: ‘I didn’t steal funds, and I certainly didn’t stash billions away’

TechCrunch

In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion. Last month, a U.S.

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Remembering the startups we lost in 2022

TechCrunch

It is, frankly, a bad time to be raising and, by extension, a bad time to be running an early-stage startup. Before that, the commerce service platform raised $85 million in the country’s largest Series B funding, at a valuation of $275 million. Image Credits: Argo AI. Image Credits: Haus. The next day, the U.S.

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Coral Vita cultivates $2M seed to take its reef restoration mission global

TechCrunch

Coral Vita aims to modernize both coral restoration techniques and the economy surrounding them, and has raised a $2 million seed round to kick things off in earnest. Image Credits: Coral Vita. Image Credits: Coral Vita. In the Accelerator over the Sea. “On top of that is the ability to innovate,” added Teicher.

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Flying taxi startup Lilium will build a hub for its electric aircraft in Florida

The Verge

Image: Lilium. It will work with the primary real estate developer in the area, Bahamas-based Tavistock Development Company, on the development and construction of the vertiport. Lilium denies it was seeking to raise that much money, citing lower labor costs in Germany.

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Twitter battles all things ElonJet, SBF gets arrested, and OpenAI tries to figure out watermarking

TechCrunch

SBF arrested : Sam Bankman-Fried, founder of the FTX cryptocurrency exchange/Gordian knot that exploded oh-so-dramatically over the last few months, was arrested in the Bahamas this week. Image Credits: Instagram. ” How much money should you raise for your startup? : Shortly thereafter, the U.S. audio roundup.

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