Bankman-Fried, FTX Managers Received Billions in Hidden Loans, Ex-Alameda CEO Says
by NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, …
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Facebook parent Meta to settle Cambridge Analytica case for $725 million
DEC 23 (Reuters) – Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to settle a class action lawsuit accusing the social …
Elon Musk says he won’t sell Tesla stock for about two years
Tesla (TSLA.O) Chief Executive Officer Elon Musk said Thursday he would not sell Tesla stock for about two years. Speaking in an audio chat from …
Tesla sends boss and helpers from Shanghai to boost US production
SHANGHAI/SAN FRANCISCO, Dec 21 (Reuters) – Tesla Inc. (TSLA.O) China chief Tom Zhu and a team of his reports have been brought in to troubleshoot …
Core Scientific files for bankruptcy as crypto winter bite
DEC 21 (Reuters) – Core Scientific Inc (CORZ.O), one of the largest publicly traded cryptocurrency mining companies in the United States, announced on Wednesday that …
Ghana will default with most of the foreign debt as the economic crisis deepens
Ghana suspends payments on Eurobonds and commercial loans Announcement one week after IMF staff agreement Eurobonds down as much as 3 cents in dollars ACCRA, …
Peru’s president replaces prime minister in cabinet reshuffle
Prime Minister Angulo out after just 1 week The cabinet reshuffle follows the resignation of two ministers Ministers resign after protesters are killed LIMA, Dec …
Insurers shun FTX-affiliated crypto firms as risk of contagion rises
DEC 19 (Reuters) – Insurers are refusing or limiting coverage for customers exposed to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured …
EXCLUSIVE: Sam Bankman-Fried to reverse extradition challenge decision
DECEMBER 17 (Reuters) – Former FTX chief Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to …
Taiwan fines Foxconn for unauthorized investment in China
TAIPEI, Dec 17 (Reuters) – Taiwan’s government said Saturday it would fine Foxconn (2317.TW), the world’s largest contract electronics maker, for an unauthorized investment in …