Sam Banman-Fried (left) image by ED JONES / Contributor/Getty Images. Mackerel image (right) image by Anadolu / Contributor/Getty Images Sam Bankman-Fried quickly figured out that mackerel fish is the currency of choice among inmates. He recently used it to pay for a haircut. The food item has been a popular means of exchange in federal … Read more
Over the last couple of weeks, I’ve been working with some truly spectacular founders. One guy was a three-star general at one point. Another is in the U.S. because his research is so far ahead of the AI learning curve that the U.S. State Department issued him an O-1 extraordinary ability visa. Another had a … Read more
In 2018, I wrote a TechCrunch article stating that 2018 was “the year social networks were no longer social.” Reflecting on that article, I’m not sure that 2018 was the turning point. But the premise of the article still holds up well. At some point, social networks were no longer about connecting with your closest … Read more
The previous evening’s storm clouds have cleared to bathe Tokyo in crisp sunshine. Tadashi Yanai, Japan’s richest man and the founder of $73 billion apparel empire Uniqlo, is perusing the art books that line his wood-paneled office, which, like most of his firm’s cavernous headquarters, commands sweeping vistas of the Sumida River. Finally, he retrieves … Read more
Lamine Zarrad Contributor Lamine Zarrad is CEO and founder of StellarFi, a credit-building tool helping Americans boost their credit scores and overall financial health. My journey from being a humble immigrant to becoming a marine and, subsequently, a successful entrepreneur is a testament to the American Dream in action. According to the SBA, veterans are … Read more
FTX founder Sam Bankman-Fried is not going to the moon, instead he appears headed for prison … he’s been found guilty on all counts against him in his federal cryptocurrency fraud case. Federal law enforcement sources tell TMZ … a jury in New York City convicted the disgraced “Crypto King” on all seven counts of … Read more
In crypto circles, the trial of Bankman-Fried was considered a “galactic embarrassment,” a sideshow whose outcome would have little effect on the prospects or trajectory of remaining crypto businesses, but cast a dark cloud over the industry and attracted a torrent of unflattering press. Its conclusion marks an opportunity for the crypto sector to start … Read more
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Let’s be honest: The facts are bad for Sam Bankman-Fried. The prosecution, in the closing statement delivered by Nicolas Roos (pronounced “Rose”, though he won’t correct you if you get it wrong, as Judge Lewis Kaplan did for most of the trial) today, went through a lot of contemporaneous written evidence that suggested that Bankman-Fried … Read more
The prosecution presented its closing arguments today as Sam Bankman-Fried drew closer to finding out whether the jury believes he carried out the seven charges alleged by the government. They include securities fraud, wire fraud, and conspiracy to launder money. Assistant US attorney Nicolas Roos started by describing the desperation of people trying and failing … Read more
When Tucker Carlson was fired from Fox News in April, no one thought the host, known for his shows that frequently advance racist ideals and conspiracy theories, would be off the air for long. He wasn’t, using X (formerly Twitter) as his platform of choice for distributing his videos — until Fox sent him a … Read more