The Twitter owner has said he will resign as chief executive, but it’s far from certain whether he would actually step down as the boss. Story Published at: December 21, 2022 at 12:40PM Continue Reading…
Elon Musk’s Succession Plan Comes with Strings Attached
Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal
Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges. Story Published at: December 21, 2022 at 02:07AM Continue Reading…
Why This Is No Madoff Moment for FTX Creditors
The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets. Story Published at: December 20, 2022 at 12:31PM Continue Reading…
Why Petulant Oligarchs Rule Our World
The cult of the genius entrepreneur has done a lot of damage. Story Published at: December 20, 2022 at 12:00AM Continue Reading…
Sam Bankman-Fried Sent Back to Prison After Chaotic Hearing
The disgraced FTX founder, who has been in a Bahamas prison for the past week, was expected to agree to extradition to the United States, before a court hearing descended into confusion. Story Published at: December 19, 2022 at 06:36PM Continue Reading…
Elizabeth Warren Raises Questions About Elon Musk and Twitter
In a letter to Tesla’s board, the Democratic senator asks whether investors have been harmed by the billionaire tech mogul’s time running the social network. Story Published at: December 19, 2022 at 12:33PM Continue Reading…
The Week in Business: The FTX Founder’s Rapid Fall
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers. Story Published at: December 18, 2022 at 12:00PM Continue Reading…
Sam Bankman-Fried Is Expected to Agree to Extradition to the U.S.
The FTX founder, now in prison in the Bahamas, faces criminal charges that he engaged in widespread fraud since founding the cryptocurrency exchange in 2019. Story Published at: December 18, 2022 at 12:49AM Continue Reading…
U.S. Scrutinizes Political Donations by Sam Bankman-Fried and Allies
Federal prosecutors appear to be focusing on possible wrongdoing by cryptocurrency executives, rather than by Democratic or Republican politicians. But the inquiries widen an explosive campaign finance scandal. Story Published at: December 17, 2022 at 08:16PM Continue Reading…
Celebrity Crypto-Hawkers Should Get a Close Look
Fame should not be a “get out of jail free” card when it comes to crypto fraud. Story Published at: December 17, 2022 at 02:00PM Continue Reading…