The firm’s chief executive, David Solomon, has given the task of determining which divisions will be affected to a chief lieutenant.
Category: HK FTX Trading Ltd (Futures Exchange)
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Big Job Cuts are Coming to Goldman Sachs
The New York Times – Business: -
New York Attorney General Sues Founder of Collapsed Crypto Bank
The New York Times – Business:New York Attorney General Letitia James accused the founder of Celsius Network, Alex Mashinsky, of a scheme to defraud hundreds of thousands of investors.
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Tesla Investors Fear for a Tough 2023
The New York Times – Business:A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.
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In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried
The New York Times – Business:Residents there have a generous view of the disgraced FTX founder, who has been accused of misusing billions of dollars in customer funds.
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How Did Sam Bankman-Fried Make His $250 Million Bail?
The New York Times – Business:Though Mr. Bankman-Fried was not required to pay $250 million, the large amount of the bond in this high-profile case has raised questions about the federal bail process.
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Crypto Mogul Sam Bankman-Fried’s ‘Epic’ Legal Battle
The New York Times – Business:The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges.
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Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The New York Times – Business:The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.
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FTX Co-Founder Sam Bankman-Fried to Be Released on $250 Million Bond
The New York Times – Business:The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California.
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Sam Bankman-Fried, FTX’s Co-Founder, Is Increasingly Alone
The New York Times – Business:Decisions by two senior associates to cooperate with government prosecutors raise the legal heat on the fallen crypto mogul.
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Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud
The New York Times – Business:Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, are cooperating in the federal criminal case against Mr. Bankman-Fried.