SBF

Sam Bankman-Fried once faced 13 criminal charges relating to his massive fraud scheme at the crypto exchange FTX. However, he’ll only face consequences for the seven charges he was found guilty of in November. Sam Bankman-Fried Using a VPN, McDonald’s AI Drive Thru Fails, Buzzfeed AI Quizzes Suck | Editor PicksThe United States Department of Justice (DOJ) dropped a second trial against Sam Bankman-Fried relating to five additional charges, according to a letter from the department to Judge Lewis Kaplan on Friday.“The…

Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is the second of a two-part series looking back at 2023. Mary Ann and Alex called on two colleagues to help us chat through some of the year’s biggest events. Here’s what we got into! The decline and fall of SVB: Much has happened since the chaos at Silicon Valley Bank unfolded earlier this year, but the sudden and shocking…

The world’s largest crypto exchange, Binance, and its founder, Changpeng Zhao, pleaded guilty yesterday to criminal charges in the US, releasing a wave of pent-up tension that had hung over the crypto industry for years.Zhao, who also went by CZ, was one of the poster boys for crypto’s freewheeling and rebellious spirit, which hearkens back to the origins of the technology, built to undergird a parallel financial system outside the control of any government or bank. Under his leadership, Binance grew to become by far the…

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. If you’ve been following along with this newsletter, you’ll have noticed that I’ve been a little bit curious about AI — especially generative AI. I’m likely not the first person to make this observation, but AIs are extremely, painfully average. I guess that’s kind of the point of them — train them on all knowledge, and mediocrity will surface. The trick is to only use AI tools for stuff that you, yourself, aren’t very good at. If you’re…

SBF has allegedly made more than 100 calls to a New York Times reporter before handing over snippets of his ex-partner Caroline Ellison’s diary.Photo: Michael M. Santiago (Getty Images)Federal prosecutors want to once again take hold of the frizzy-haired ex-FTX head Sam Bankman-Fried and put him back in jail. Reports from inside pre-trial court hearings say the Department of Justice has had it up to here with the once-crypto kingpin leaking sensitive material to the press, alleging he’s trying to discredit witnesses.Sam…

Sam Bankman-Fried’s legal defense tried to convince a judge “nothing improper or impermissible occurred” last week when the disgraced crypto founder leaked former Alameda Research CEO and on-again-off-again girlfriend Caroline Ellison’s personal diary to The New York Times. The former FTX CEO’s defense says the leaked documents weren’t intended to “discredit a witness,” as the DOJ alleges, but was instead an attempt to respond to a “toxic media environment” he complains constantly casts him as a villain.Sam Bankman-Fried…

Department of Justice prosecutors believe disgraced FTX founder Sam Bankman-Fried leaked the diary of his sometimes girlfriend and business partner Caroline Ellison in an effort to “discredit a witness.” The contents of the 27-year-old Alameda research CEO’s private Google Docs were recently published in a New York Times article which includes entries of Ellison discussing her contentious relationship with SBF and admitting she felt unqualified to lead the company.Sam Bankman-Fried Using a VPN, McDonald’s AI Drive Thru…

Former crypto golden boy Sam Bankman-Fried’s calamitous time at his former exchange FTX was even more haphazard and ludicrous than previously stated. FTX’s latest bankruptcy report filed Sunday adds additional fuel to the still-smoldering questions regarding just how greedy and corrupt its former executives were before the crypto exchange eventually collapsed. Lower Drought Conditions In California | Extreme EarthThe 43-page document shares that there’s a lot of problems trying to get millions of former FTX customers and…

Former CEO of failed crypto exchange FTX Sam Bankman-Fried was already ordered to live every millennial’s nightmare and move back in with his parents. Now, prosecutors have laid out how SBF is being grounded, curtailing his ability to access the internet or even play any online video games.Is This the End of Apple’s Lightning Cable?Bankman-Fried, who commonly goes by “SBF” online, is awaiting trial regarding 12 fraud, conspiracy, and campaign finance charges regarding his time heading the now-bankrupt FTX. According to…

Lawyers for Sam Bankman-Fried are nearing an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange founder, who is trying to convince a skeptical judge he should remain free.In a letter filed on Friday night in Manhattan federal court, Bankman-Fried's lawyer Christian Everdell said both sides believed they were "close to a resolution", and expect to formally propose new restrictions by next week.Bankman-Fried, 31, faces a trial set for Oct. 2 on charges of stealing…