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FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10 million in misappropriated funds

Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers,…
Finance

UAE crypto scammer sentenced to 8 years in prison for multimillion-dollar fraud scheme

A United Arab Emirates resident and Nigerian citizen was sentenced to eight years in federal prison for orchestrating a multimillion-dollar…
Finance

After an 80% rally for bitcoin, market experts predict where it’s going next in 2023

Finance

Ripple says U.S. banks will want to use XRP cryptocurrency after partial victory in SEC fight

Blockchain startup Ripple is confident U.S. banks and other financial institutions in the country will start showing interest in adopting…
Finance

Binance could lay off thousands as company buckles down for DOJ probe, source says

Crypto exchange Binance is laying off employees in response to an ongoing Justice Department probe that is likely to end…
Finance

Will Smith-backed U.S. broker Public launches in the UK in first foray overseas

American stock brokerage startup Public launched its services in the U.K. Thursday, marking its first international expansion its launch in…
Finance

Goldman Sachs faces big writedown on CEO David Solomon’s ill-fated GreenSky deal

Goldman Sachs is likely to take a large write-down for its 2021 acquisition of fintech lender GreenSky after seeking to…
Finance

A.I. has a discrimination problem. In banking, the consequences can be severe

AMSTERDAM — Artificial intelligence has a racial bias problem. From biometric identification systems that disproportionately misidentify the faces of Black…
Finance

Crypto firm Ripple gets in-principle payments license in Singapore

Blockchain company Ripple said Thursday it received in-principle regulatory approval to operate in Singapore, in a rare moment of good…
Finance

Binance France chief brushed off concerns days before police visit

PARIS — Days before French police visited Binance’s Paris office, the crypto exchange’s top French executive dismissed concerns about U.S.…