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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. Plus there are expenses for my donor that I would like to cover.”.

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

TechCrunch

On January 3, Bankman-Fried pled not guilty to all eight counts of criminal charges, which included wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds, among others. 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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SBF claims massive ignorance on obvious conflicts in FTX downfall

TechCrunch

During the interview, SBF, while sipping (and at least once, spilling) a La Croix in the Bahamas, claimed multiple times that he did not know how certain aspects of the business, from its ties to its eventual bankruptcy, went so wrong. It’s still not clear if those people will see their money again. FTX US division is 243rd.

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

The Verge

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. Shortly thereafter, the U.S.

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The Fyre Festival settlement reveals the true cost of schadenfreude — $7,220 a pop

The Verge

The organizers of Fyre Festival — think: The Hunger Games, but for influencers — have agreed to a settlement with 277 attendees for $7,220 apiece, The New York Times reports. The dinner that @fyrefestival promised us was catered by Steven Starr is literally bread, cheese, and salad with dressing.

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Remembering the startups we lost in 2022

TechCrunch

It wasn’t from lack of interest — or money. By December 12, Bankman-Fried had been arrested in the Bahamas. Haus CEO and co-founder Helena Hambrecht said that Constellation committed to leading the startup’s $10 million Series A, and even offered to advance the startup money as runway began to dwindle. Image Credits: Haus.

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