This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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 Startups and VC.
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.”.
In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion. His trial date has been set for October 2, 2023. Last month, a U.S.
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.
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.
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.
Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. Fintechs like us that have boards with much information and oversight even find it hard to raise money.
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. FTX founder Sam Bankman-Fried has been arrested in the Bahamas. How much money should you raise for your startup? To get this in your inbox, subscribe here. Seen on TechCrunch.
It is, frankly, a bad time to be raising and, by extension, a bad time to be running an early-stage startup. Before that, the commerce service platform raised $85 million in the country’s largest Series B funding, at a valuation of $275 million. By December 12, Bankman-Fried had been arrested in the Bahamas. Image Credits: Haus.
According to the World Resources Institute , As occasional reports arise of locally acquired malaria in Europe and the U.S., Food shortages Flooding, heat stress, and changing weather patterns will make it harder to grow crops and raise livestock. East Coast, Japan, and the west coast of South America. degrees Fahrenheit.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content