October 13, 2023
Friends Become Foes: Prosecution Wraps Second Week of Bankman-Fried Trial
The government is creating a clear narrative in the Sam Bankman-Fried case: He ran the ship, he called shots, and he is responsible for stealing and losing the money. At...
October 12, 2023
Nearly 1 in 5 High-Debt Consumers With Credit Score Issues...
Consumer credit card debt in the United States has surpassed the $1 trillion mark, leading to heightened concerns about credit insecurity among both consumers and providers. Against that backdrop, many...
October 11, 2023
Things Sam Is Freaking Out About: Probably His Ex-Girlfriend’s Testimony
It was tears, not fireworks, for Caroline Ellison’s second day of testimony Wednesday (Oct. 11). The former Alameda Research CEO fought back sobs describing to the courtroom her “state of...
October 11, 2023
Caroline Ellison Testifies Against Sam Bankman-Fried in Fraud Trial
Caroline Ellison, the former co-head of Sam Bankman-Fried’s hedge fund, Alameda Research, took the stand on Wednesday in Bankman-Fried’s ongoing fraud trial. Ellison testified that she had been instructed by...
October 09, 2023
CE 100 Index Slips 1% as Eat Pillar Declines, Offsets...
The CE 100 Index ended its first full trading week of the fourth quarter down 1%. Six pillars lost ground, and four made slight gains. The best-performing pillar was the...
October 08, 2023
Rise of ‘Mega Bankruptcies’ Leaves Economists Worried
SVB Financial. Yellow. Bed Bath & Beyond. All big companies, all filed for bankruptcy. And as The Wall Street Journal (WSJ) reported Sunday (Oct. 8), it’s part of a jump in Chapter 11...
October 06, 2023
Report: Voyager Co-Founder Stephen Ehrlich May Face CFTC Action
Voyager Digital co-founder Stephen Ehrlich is reportedly facing potential enforcement action from U.S. regulators following investigations into the conduct of the bankrupt crypto lender. Staff in the Commodity Futures Trading Commission (CFTC) enforcement...
October 06, 2023
DRINKS Tech Aims to Enable Alcohol Sales for Any Business
Beyond just integrating alcohol purchasing into grocers and liquor stores’ digital platforms, beer wine and spirits eCommerce provider DRINKS is bringing its technology to merchants entirely outside the beverage category....
October 05, 2023
FTX Co-Founder Gary Wang Says Bankman-Fried Was Financial Crimes Mastermind
With friends like these, who needs enemies? It is just the second day of witness testimony for Sam Bankman-Fried’s criminal trial, and already two of his longtime friends have sung...