Money
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An FTX lawyer told the Delaware bankruptcy court that SBF asked FTX cofounder Gary Wang to create a secret backdoor to let Alameda borrow $65B of clients' money (Pete Syme/Insider)
Pete Syme / Insider: An FTX lawyer told the Delaware bankruptcy court that SBF asked FTX cofounder Gary Wang to…
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Three ex-employees say SoundHound laid off ~200 people, or ~50% of staff, with two weeks of severance that will only be paid if the company can raise more money (Mack DeGeurin/Gizmodo)
Mack DeGeurin / Gizmodo: Three ex-employees say SoundHound laid off ~200 people, or ~50% of staff, with two weeks of…
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Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes (Bloomberg)
Bloomberg: Bulgarian police say London-based crypto lender Nexo’s office in Sofia was raided on Thursday, seeking information on suspected money…
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An Ohio man pleads guilty to stealing 712+ bitcoins seized by the IRS in a case against his brother, who was convicted of running money laundering service Helix (Cheyenne Ligon/CoinDesk)
Cheyenne Ligon / CoinDesk: An Ohio man pleads guilty to stealing 712+ bitcoins seized by the IRS in a case…
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Sam Bankman-Fried pleads not guilty to all eight charges, including defrauding customers and laundering money; if convicted, he faces up to 115 years in prison (Tom Warren/BuzzFeed News)
Tom Warren / BuzzFeed News: Sam Bankman-Fried pleads not guilty to all eight charges, including defrauding customers and laundering money;…
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United Talent Agency CEO Jeremy Zimmer argues the creative talent behind shows on Netflix's ad-supported tier should earn more money if their shows are popular (Christopher Grimes/Financial Times)
Christopher Grimes / Financial Times: United Talent Agency CEO Jeremy Zimmer argues the creative talent behind shows on Netflix’s ad-supported…
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A profile of Senegal-based Wave, Francophone West Africa's only unicorn and the first non-telco, non-bank offering mobile money services in eight countries (Bloomberg)
Bloomberg: A profile of Senegal-based Wave, Francophone West Africa’s only unicorn and the first non-telco, non-bank offering mobile money services…
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Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges including conspiracy, fraud, and money laundering (CNBC)
CNBC: Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges including conspiracy,…
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