Prosecutors drop another charge against FTX co-founder Sam Bankman-Fried
Federal prosecutors dropped a campaign finance charge against Sam Bankman-Fried, the second time they have narrowed the indictment against the…
FTX lobbyist tried to buy Pacific island of Nauru to create a new superspecies, lawsuit says
Sam Bankman-Fried’s younger brother, who was a top lobbyist for failed crypto exchange FTX, considered purchasing the island nation of…
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,…
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…
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…
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…
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…
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…
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…
