Sam Bankman-Fried, the former CEO of the bankrupt FTX cryptocurrency exchange, has been granted bail following his first appearance before a U.S. judge. Bankman-Fried will be released on a $250 million bail bond. He will be confined to his parents’ home in Palo Alto, California, which is also backing the bail bond. The decision was […]
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to charges tied to FTX’s collapse, U.S. Attorney Damian Williams announced Wednesday night. The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) also announced charges against the two, saying Ellison manipulated the price of FTT, an exchange token […]
Sundar Pichai said he was inspired to see the rapid pace of technological change under the leadership of Prime Minister Narendra Modi. Google and Alphabet Chief Executive Officer (CEO) Sundar Pichai, who was awarded the Padma Bhushan earlier this month, called on Prime Minister Narendra Modi in New Delhi on Monday. Terming his meeting with […]
Twitter users have voted in favour of Elon Musk stepping down as the platform’s chief executive after the billionaire ran a poll on his future. A total of 57.5% voted “yes” after Mr Musk asked his 122 million followers whether he should stand down. Mr Musk, who bought Twitter for $44bn (£36bn), said before the […]
FTX founder Sam Bankman-Fried said he was pressured into nominating John Ray as chief executive of the crypto exchange in early November by Sullivan and Cromwell lawyers who were advising his firm at the time, according to a draft of his testimony to Congress seen by Reuters.Shortly after Bankman-Fried agreed to nominate Ray, he received […]