Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the ex-CEO of the now-bankrupt FTX had run off to South America.Story Published at: November 12, 2022 at 06:42PM
Sam Bankman-Fried reportedly denies fleeing to Argentina, says he’s still in the Bahamas
FTX says it’s removing trading and withdrawals, moving digital assets to a cold wallet after a $477 million suspected hack
New FTX CEO says the bankrupt exchange is “in the process of removing trading and withdrawal functionality” and moving digital assets to cold storage.Story Published at: November 12, 2022 at 09:24PM
From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses, but was it their fault?
Elon Musk and Sam Bankman-Fried may be geniuses, but once again the governance risks of talented founders and CEOs left unchecked have been laid bare.Story Published at: November 12, 2022 at 03:35PM
Disney plans targeted hiring freeze and job cuts, according to a memo from CEO Bob Chapek
“We are limiting headcount additions through a targeted hiring freeze,” Disney CEO Bob Chapek said in a memo obtained by CNBC.Story Published at: November 11, 2022 at 10:17PM
Twitter pauses paid verifications after users abuse service to impersonate brands and people
Earlier this week, Twitter launched a $7.99 subscription service called Twitter Blue. On Friday the option to sign up disappeared from Twitter’s iOS app. Story Published at: November 11, 2022 at 03:32PM
Crypto sell-off resumes as week-long FTX saga ends in bankruptcy filing
Story Published at: November 11, 2022 at 03:25PM
Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy
Alameda Research and approximately 130 additional affiliated companies are part of the voluntary proceedings.Story Published at: November 11, 2022 at 03:00PM
Crypto peaked a year ago — investors have lost more than $2 trillion since
In the 12 months since bitcoin peaked at over $68,000, the crypto trade has unwound, sending many coins to zero and hedge funds and lenders into bankruptcy.Story Published at: November 11, 2022 at 12:00PM
Britain’s businesses are ‘running out of fight’ as country faces longest-ever recession
Many independent businesses are trying to survive the Christmas period before shuttering in January.Story Published at: November 11, 2022 at 08:37AM
Southeast Asia leaders kick off ASEAN summit in Cambodia
Cambodia’s secretary of state said that ASEAN remains neutral in U.S.-China relations and is committed to establishing peaceful co-existence in the region.Story Published at: November 11, 2022 at 11:02AM