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The Latest Breaking News from FTX

FTX founder Sam Bankman-Fried seeks dismissal of all but three charges in crypto collapse indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

The Independent UK

FTX founder Sam Bankman-Fried seeks dismissal of indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

The Independent UK

FTX founder Sam Bankman-Fried asks court to dismiss most criminal charges against him

Motion asks for 10 of 13 charges against him to be dismissed.

Axios

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The high-profile lawyers on a crusade against crypto

Superlawyers Adam Moskowitz and David Boies have teamed up to crack down on the celebrities that promoted crypto

Fortune

Investors lost billions betting on crypto. Now this lawyer wants Sam Bankman-Fried, Shaq and dozens of other celeb endorsers to pay the price.

Says lawyer Adam Moscowitz, who has partnered with David Boies on an all-out crypto assault: "Celebrities won’t go near crypto ads now, and we’ve had a big role in that.”

Fortune

Solana bounces back with NFTs as cofounder says FTX meltdown is ‘in the rearview mirror’

Gokal said unique projects like Mad Lads are part of what's attracting people to Solana.

Fortune

Gemini launches offshore derivatives platform as Winklevoss twins tire of U.S. crypto quagmire

“If lawmakers could come together and build a clear framework for crypto companies, it would be a huge boon for the U.S.,” Tyler Winklevoss told Fortune.

Fortune

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FTX collapse has done lethal damage to an up-and-coming card game

Storybook Brawl says there's "no path forward," and so it's closing next week.

PC Gamer

John Oliver on cryptocurrencies: ‘This is all still a casino’

Last Week Tonight host examines the volatility and risks of cryptocurrencies through the collapses of Terra, Celsius and FTX

The Guardian - US

US presidential hopefuls rally against a digital dollar ahead of 2024 elections

The conversation around the role of central banks in the economy has taken on a new dimension among U.S. presidential hopefuls like Ron DeSantis and Vivek Ramaswamy. These politicians want to make it clear they would not support any proposals for a central bank-backed digital U.S. dollar as they make…

Tribune News Service

It could be downhill after Q1 for private equity

PE dealmaking held up ‘better than expected’ in the first quarter, but falling exits could put a damper on the rest of 2023.

Fortune

Taylor Swift avoided $100 million FTX debacle by questioning whether the exchange was selling unregistered securities

The lawyer leading the class action suit, Adam Moskowitz, said Swift questioned the exchange where other celebrities didn’t.

Fortune

Lux Capital is betting on science-focused A.I. startups with its latest, and largest, fund

Science and tech-heavy VC firm Lux Capital recently raised $1.15 billion for its eighth core fund.

Fortune

A short-seller just went after the fintech company Ryan Reynolds has a stake in—and it's not the first time

The short-seller said in its latest report that Canadian payment company Nuvei was not being upfront about the nature of Reynolds's investment.

Fortune

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Fortune

Tribe Capital just can’t quit FTX: VC burned by SBF is considering an investment in reboot of bankrupt crypto exchange, report says

Tribe Capital has pondered a $250 million fundraising campaign to revive Sam Bankman-Fried’s empire.

Cinemablend

Shaquille O'Neal Served Lawsuit After Attorneys Claim NBA Vet Spent Past Three Months 'Hiding' From Them

After spending months trying to track Shaquille O'Neal down, attorneys finally served him legal papers.

Los Angeles Times

Shohei Ohtani should be dismissed from FTX endorsement lawsuit, his lawyers say

Shohei Ohtani should be dismissed from a lawsuit alleging his endorsement of the now-bankrupt cryptocurrency exchange FTX, his attorneys argued in a court filing Friday.

The Guardian - UK

FTX could be revived as more customers’ funds recovered, say lawyers

Cryptocurrency exchange collapsed last year but assets worth $7.3bn have now been retrieved

Get all your
news in one place.

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Fortune

FTX execs ‘joked internally’ about losing track of millions in assets, misused customer funds, and ‘stifled dissent’ before the exchange’s collapse, new debtors’ report says

SBF and a team of top execs also “stifled dissent,” “commingled and misused” funds, and “lied to third parties,” a new debtors’ report alleges.

The Times of India

FTX failure rooted in ‘hubris,’ ‘greed’: Report

Failed crypto exchange FTX Trading Ltd lacked fundamental financial and accounting controls, stifled dissent within the company and joked internally about their tendency to lose track of millions of dollars in assets, according to a report by the company’s debtors.

Fortune

Did the New York Times ethicist urge party guests to shun FTX employees?

The fallout out from the uncovering of Sam Bankman-Fried's massive fraud continues to ripple.

Fortune

Why the biggest players in crypto are worried about Adrienne Harris

The New York bank regulator plays a pivotal role in punishing bad actors and licensing legitimate businesses.

Tribune News Service

Heat’s arena is now the Kaseya Center (building’s fourth name this season)

DETROIT — The way this season has gone for the Miami Heat, it is possible they wind up with more names for their arena in 2022-23 than playoff victories.

The Independent UK

Heat arena, formerly FTX, has a new name: Kaseya Center

The arena where the Miami Heat play their home games now has yet another new name after Miami-Dade County commissioners voted to enter into a 17-year deal to call the facility Kaseya Center

The Conversation

What Binance's US lawsuit says about the future for cryptocurrency regulation

The world’s largest cryptocurrency exchange, Binance, has been hit with a lawsuit by US regulator the Commodity Futures Trading Commission (CFTC). This is not the first time a cryptocurrency exchange has been charged by a regulator. But this particular case involves a regulator that does not directly oversee cryptocurrencies. This…

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