FTX is taking legal action against Bankman-Fried and others to recover fraudulent transfers.

FTX Trading Ltd⁣ sues founder and former executives for alleged misappropriation of funds

The cryptocurrency exchange FTX Trading⁣ Ltd has filed a lawsuit against its‌ founder, Sam Bankman-Fried, and other former executives. The company is seeking to recover hundreds of ⁤millions of dollars that were allegedly misappropriated before FTX​ went bankrupt. The ‍complaint, filed in Delaware bankruptcy court, also names Caroline Ellison, who led Bankman-Fried’s Alameda Research hedge fund, former ‍FTX technology chief Zixiao “Gary” Wang, and former FTX engineering director⁢ Nishad Singh as defendants.

(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)

Senator Bernie Sanders aims to cut prescription drug costs, but at what expense?

Former Representative Ann Marie Buerkle warns ⁣that care ‍recipients may end up ​paying ⁤in other ways. She shares her concerns⁢ with One America’s Tom McGrath.

Interviews:

• Cynthia Hughes: discussing the impact of Sanders’ plan
• John Rossomando: sharing insights on the potential⁤ consequences
• Drew Hernandez: providing a different perspective on the issue

Beijing-linked hackers breach U.S. Ambassador’s email account

Reuters reports that hackers with ties to Beijing gained⁣ unauthorized access ⁢to‍ U.S. Ambassador to China Nicholas Burns’ email account. This espionage operation is believed to‍ have compromised sensitive information.

Hackers and propagandists leverage artificial‍ intelligence for malicious activities

Raphael⁢ Satter reveals how hackers and propagandists are utilizing artificial intelligence (AI) to create harmful software and craft convincing phishing emails.

U.S. Transportation Secretary expresses national security concerns ⁣about Chinese autonomous vehicle suppliers

Pete Buttigieg,​ the U.S. ⁤Transportation Secretary, raises national security concerns regarding Chinese autonomous vehicle⁤ suppliers. The agency is closely ‍monitoring the situation.

Elon Musk’s bet on sacrificing margins for⁢ future gains

Akash Sriram and Aditya Soni discuss Elon Musk’s strategy of⁢ prioritizing improved margins in the ​future by sacrificing them⁣ now for​ the ​development⁢ of full self-driving software.