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.
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