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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. There’s no accounting for AI : Kyle reports that Vic.ai

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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

judge released Bankman-Fried on a $250 million bail bond after he was extradited to America from the Bahamas. Image Credits: SBF SubstackHe went on to say: If FTX had been given a few weeks to raise the necessary liquidity, I believe it would have been able to make customers substantially whole. Last month, a U.S.

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Lynk demos global satellite connection for ordinary phones and prepares for commercial launch

TechCrunch

The company just demonstrated a two-way data link this week and announced its first network partners in Africa and the Bahamas — if everything goes well it may not be long before you can get a signal anywhere in the world. Not a lot of data, of course — but more than enough for an SMS, a GPS location, a weather report, or the like.

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Remembering the startups we lost in 2022

TechCrunch

Image Credits: Argo AI. Image Credits: Tom Williams/CQ-Roll Call, Inc / Getty Images. By December 12, Bankman-Fried had been arrested in the Bahamas. Image Credits: Haus. Image Credits: Kite. Image Credits: TechCrunch. It wasn’t from lack of interest — or money. The next day, the U.S.

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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. But the funding round fell short of the $400–500 million that TechCrunch reported the company was pursuing last October.

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

TechCrunch

Then a bunch of tech reporters all got suspended , at least some of whom had been tweeting about the jet tracker ordeal. 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.

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