Enterprise

A lawsuit filed in Delaware bankruptcy court has revealed that Gabe Bankman-Fried, the younger brother of Sam Bankman-Fried and a former top lobbyist for the failed crypto exchange FTX, had contemplated acquiring the island nation of Nauru in the Pacific. His intention was to establish a fortified bunker-state to safeguard his philanthropic allies and create
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Shares of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) seeking to take former President Donald Trump’s social media platform public, surged by over 50% on Friday. This significant increase came after the company announced that it had settled fraud charges with the Securities and Exchange Commission (SEC) for a sum of
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Former CEO of Celsius, Alex Mashinsky, was taken into custody on Thursday on federal securities fraud charges, according to a source familiar with the matter. This arrest comes as the bankrupt cryptocurrency exchange has reached a settlement agreement with government regulators, agreeing to pay a record-breaking $4.7 billion fine. Alongside the arrest, the exchange has
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A group of lawmakers, led by Massachusetts Democratic Senator Elizabeth Warren, is urging the Biden administration to launch an investigation into tax preparation software companies accused of illegally sharing customer data with tech giants Google and Meta. The lawmakers have written a letter to Attorney General Merrick Garland, Federal Trade Commission Chair Lina Khan, IRS
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