March 20, 2024
Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a “medieval” view of punishment. The...
March 18, 2024
Distressed Assets Buyer Attestor Battles Over FTX Claim
London-based financial firm Attestor is in a legal battle involving the bankruptcy of FTX. Attestor, known for its expertise in investing in distressed assets, bought FTX’s distressed assets at low prices, a...
March 18, 2024
The Apple Pay Threat Facing Banks
A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia. The trip was a long one with stopovers in Qatar and two days in Kuala...
March 15, 2024
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Bankman-Fried, who was found...
February 28, 2024
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. The Series A funding round values Backpack — whose offerings also include a crypto wallet...
February 28, 2024
FTX Founder’s Lawyer Pushes for Leniency in $8 Billion Cryptocurrency...
FTX founder Sam Bankman-Fried’s lawyer, Marc Mukasey, made a compelling plea for leniency during a sentencing submission on Tuesday. Bankman-Fried stands convicted of orchestrating a scheme that resulted in the...
February 28, 2024
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” In a final bid for leniency, lawyers for the FTX founder are calling for a sentence of five a-and-a-half...
February 23, 2024
Investors Chase Visible Impact With AI and Web3 Infrastructure Investments
When it comes to the venture capital landscape, every year — and strategy — is different. Nearly no other investor segment deals with more reckonings and recalibrations than tech investors...
February 22, 2024
Judge Approves FTX Proposal to Sell Stake in Anthropic
A U.S. judge has approved bankrupt crypto exchange FTX’s proposal to sell its shares in artificial intelligence (AI) startup Anthropic. The exchange had invested $500 million in Anthropic in 2021, giving...