leading
- Technology
Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture assets, estimated to be worth ~$500M, to raise cash (Nikou Asgari/Financial Times)
Nikou Asgari / Financial Times: Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture…
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The deep problem with SPACs is the sponsors' and warrant holders' cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both (Matt Levine/Bloomberg)
Matt Levine / Bloomberg: The deep problem with SPACs is the sponsors’ and warrant holders’ cuts, paid by the target…
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Lawyers working on crypto bankruptcies, including FTX and Celsius, are charging more than $1,800 per hour, leading some creditors to criticize the process (Sujeet Indap/Financial Times)
Sujeet Indap / Financial Times: Lawyers working on crypto bankruptcies, including FTX and Celsius, are charging more than $1,800 per…
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Elon Musk says polls will decide major policies at Twitter and then launches a poll that asks “Should I step down as head of Twitter?”; “Yes” is leading by 10%+ (Washington Post)
Twitter says it will remove tweets and accounts promoting their presence on Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and…
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Interviews with dozens of Elon Musk's former employees and partners describe a Shakespearean psychodrama since acquiring Twitter, leading to myriad disasters (Bloomberg)
Bloomberg: Interviews with dozens of Elon Musk’s former employees and partners describe a Shakespearean psychodrama since acquiring Twitter, leading to…
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The US SEC says it is preparing charges against SBF to be filed in court on December 13, separate from the ones leading to his recent arrest in The Bahamas (Brian Quarmby/Cointelegraph)
Brian Quarmby / Cointelegraph: The US SEC says it is preparing charges against SBF to be filed in court on…
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