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Court decisions

FTX spent $256 million on Bahamas real estate — now the island’s government wants it back

Taylor Daemon Dec 13, 2022

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here).Sylvain Sonnet | The Image Bank | Getty…

Technology

Sam Bankman-Fried has been arrested following FTX collapse. Here’s what happens next

Taylor Daemon Dec 13, 2022

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesSam Bankman-Fried's arrest in the Bahamas on Monday marks the beginning of a new chapter in the FTX saga, one that will pit the…

Technology

FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges

Taylor Daemon Dec 13, 2022

CEO Sam Bankman-FriedBloomberg | Bloomberg | Getty ImagesFTX founder Sam Bankman-Fried was arrested by Bahamian authorities this evening after the United States Attorney for the…

Technology

Bahamas attorneys file emergency motion in FTX case for access to databases with client information

Taylor Daemon Dec 10, 2022

John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022.Eric Lee |…

Technology

Crypto.com CEO asks investors to overlook red flags from his business past

Taylor Daemon Dec 9, 2022

Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China.Paul Yeung | Bloomberg | Getty ImagesKris Marszalek wants everyone to know that his…

Technology

DOJ undermines Google in Supreme Court case over who’s responsible for social media posts

Taylor Daemon Dec 8, 2022

People walk past a billboard advertisement for YouTube on September 27, 2019 in Berlin, Germany.Sean Gallup | Getty ImagesThe Department of Justice warned the Supreme Court against…

Technology

Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison

Taylor Daemon Dec 7, 2022

Sunny Balwani, former president of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Dec. 7, 2022.David Paul Morris | Bloomberg | Getty ImagesFormer…

Technology

Democratic lawmakers ask Musk for info on possible Chinese manipulation of Twitter

Taylor Daemon Dec 7, 2022

Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022.Dado Ruvic | ReutersThree Democratic House…

Technology

Sam Bankman-Fried could face years in prison over FTX’s $32 billion meltdown — if the U.S. ever gets around to…

Taylor Daemon Dec 5, 2022

FTX CEO Sam Bankman-Fried attends a press conference at the FTX Arena in downtown Miami on Friday, June 4, 2021.Matias J. Ocner | Miami Herald | Tribune News Service | Getty…

Technology

DOJ asks for independent probe into FTX bankruptcy, a likely tactic to gather evidence on alleged fraud

Taylor Daemon Dec 2, 2022

John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022.Eric Lee |…

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