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FTX founder Sam Bankman-Fried has been arrested in the Bahamas

TechCrunch

Sam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX , and is likely to request his extradition. TechCrunch reporter Amanda Silberling contributed to this piece.

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

TechCrunch

I believe that, had FTX International been given a few weeks, it could likely have utilized its illiquid assets and equity to raise enough financing to make customers substantially whole.”. judge released Bankman-Fried on a $250 million bail bond after he was extradited to America from the Bahamas. Last month, a U.S.

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New data for strategic disaster philanthropy 

Candid

In our eighth annual research report, Measuring the State of Disaster Philanthropy 2021: Data to Drive Decisions , developed in partnership with Candid , we dive into how philanthropy and other donors supported natural hazards, severe weather events and complex humanitarian emergencies in 2019. . 18 at 2 p.m.

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FTX processed billions monthly in Africa before going bust

TechCrunch

Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. But because some people look a certain way or tick a certain box, they get all the funding, no governance, no reporting, and no accounting department.

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This is what your life will be like when the world hits a dangerous climate tipping point

Fast Company Tech

According to the World Resources Institute , As occasional reports arise of locally acquired malaria in Europe and the U.S., there is increasing concern that malaria could creep into places that havent seen it in living memory. The effect will be more extreme in areas that already have higher-than-average sea levels, such as the U.S.

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Go read this Daily Beast story about Sergey Brin’s secret disaster relief team

The Verge

The story opens detailing how GSD provided disaster relief in the form of medical care and road-clearing crews after Hurricane Dorian hit the Bahamas last year. The Daily Beast ’s Mark Harris has a wild story about Global Support and Development (GSD), a disaster charity founded by Sergey Brin that’s being run by his former bodyguards.