In a seismic shift within the competitive realm of artificial intelligence, Anthropic, a promising startup, has emerged as a significant challenger to OpenAI. This surge is backed by a multi-billion-dollar investment agreement from Amazon, a move that could significantly influence
According to a recent report, Joseph Bankman and Barbara Fried, the parents of FTX founder Sam Bankman-Fried (SBF), are now facing legal action. Debtors of the now-bankrupt cryptocurrency exchange FTX allege that the couple illicitly pocketed millions. Filed on Sept.
In a landmark ruling, U.S. Bankruptcy Judge John Dorsey has given crypto exchange FTX the go-ahead to liquidate up to $3.4 billion in cryptocurrency assets. The decision sets a legal precedent and serves as a lifeline for FTX to repay
Ryan Salame, the former co-CEO of FTX Digital Markets, recently entered a guilty plea in a U.S. District Court for defrauding the United States Federal Election Commission (FEC) and conspiring to operate an unlicensed money-transmitting business. His plea follows a
Cryptocurrency giant Genesis, an arm of the Digital Currency Group, has struck a $175 million settlement with the beleaguered crypto exchange FTX. The deal, part of a broader effort to resolve claims connected to the ongoing bankruptcy issues of both
Sam Bankman-Fried (SBF) was jailed on Friday, August 11, after a New York judge revoked the FTX founder’s $250 million bail on allegations he tampered with witnesses in his upcoming fraud trial. U.S. District Judge Lewis Kaplan made the decision
The U.S. Department of Justice (DOJ) is weighing whether to charge Binance with fraud. But prosecutors are worried that doing so could cause a run on the world’s largest crypto exchange, leading to losses for users, Semafor reported. Prosecutors fear
FTX founder Sam Bankman-Fried has been accused of intimidating witnesses ahead of his upcoming fraud trial in a new twist to the unfolding legal drama. Consequently, prosecutors now argue that he must face jail time. They present this pressing argument
After months of contentious bankruptcy proceedings, embattled cryptocurrency firms FTX and Genesis Global Capital are on the verge of a settlement. Recent court filings indicate that the two parties, embroiled in a dispute worth billions of dollars, have achieved a
Crypto swingman Sam Bankman-Fried (SBF) planned to purchase the island nation of Nauru and build a bunker there to protect his colleagues in the effective altruism movement in the event of an apocalypse, new court documents show. Filed in a
OpenAI CEO Sam Altman announced the official launch of his biometrics project, Worldcoin. The project also includes an eponymous cryptocurrency called Worldcoin Token (WLD), which was immediately listed on leading exchanges Binance and Huobi on July 24. Worldcoin promises people
Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation. Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.
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