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Bahama homes were purchased with FTX corporate funds

TechCrunch

A new bankruptcy filing, first reported by CNBC , shows that FTX’s corporate funds were used to purchase homes in the Bahamas among other personal items. News reports that FTX was mishandling funds and under investigation soon bloomed into the company filing for bankruptcy. FTX’s new CEO, Enron wind-down veteran John J.

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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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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. Update April 8th, 1:02PM ET: Added comment from Trevor DeHaas.

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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. at will. .”

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

The Verge

Lilium says it will construct a $25 million “vertiport” in Lake Nona, a planned community of about 65,000 people within the Orlando city limits. 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.

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

TechCrunch

WiR should leave you with a pretty good idea of what people were reading/talking/tweeting about. Then a bunch of tech reporters all got suspended , at least some of whom had been tweeting about the jet tracker ordeal. Been too busy to read tech news? Want it in your inbox every Saturday AM? Here’s the link. Me neither.

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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. He was also ordered to pay $5 million to two people who paid $13,000 each for VIP packages (did the sandwiches come with extra cheese slices?).

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