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

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

The Verge

Tickets for the 2017 “luxury” music festival on a remote island in the Bahamas that actually turned out to be a beach full of FEMA tents and some pathetic cheese sandwiches, cost anywhere from $1,000 to as much as $12,000 — more if you bought a package deal.

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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. ” How much money should you raise for your startup? : Shortly thereafter, the U.S. The most common mistake he sees?

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