Sam Bankman-Fried Ran FTX as His ‘Personal Fiefdom,’ Lawyers Say
FTX founder and former CEO Sam Bankman-Fried run his company like a “personal fiefdom,” lawyers for the failed cryptocurrency exchange say.
Economy
FTX Funneled Millions into Political Campaigns before Bankruptcy
Three FTX executives funneled over $70 million to political campaigns during the 2022 election cycle, ranking third in donations overall, records show.
S&P Global Warns: Corporate Defaults Will Double Even in Mild Recession
Leading analysts with S&P Global have warned that corporate default rates will more than double, even if the United States only suffers a mild recession.
Elon Musk Restores Project Veritas’ Twitter Account
Elon Musk’s Twitter has restored the account of the non-profit investigative journalism watchdog Project Veritas as several high-profile users have had bans lifted in recent days.
Alameda: The Firm at the Heart of FTX’s Epic Collapse
In late 2017, MIT alumnus Sam Bankman-Fried left the quantitative trading firm Jane Street to start his own cryptocurrency trading firm, Alameda Research.
Questions Emerge over Biden’s Push to Install Electric Car Chargers at Gas Stations
A new report raises questions about President Joe Biden’s push to install electric vehicle (EV) chargers in gas stations across America.
New CNN CEO Reveals How Network Will Cover Trump after 2024 Announcement
CNN’s new CEO Chris Licht has revealed that his network plans to reduce its coverage of President Donald Trump following the launch of his 2024 presidential campaign.
Grain Deal Between Russia & Ukraine Extended by 120 Days
The grain deal between Russia and Ukraine that facilitates the export of Ukrainian agricultural exports via Black Sea ports has been extended by 120 days, according to reports.
Electric Cars Less Reliable Than Gas-Powered Vehicles, Consumer Reports Reveals
Electric vehicles are less reliable than their gas-powered counterparts, a new Consumer Reports survey has revealed.
FTX Scandal Deepens as Details of Fraud and Regulatory Neglect Emerge
Following the implosion of cryptocurrency company FTX last week, details are still emerging that reveal fraud and regulatory neglect as the scandal deepens.