A $700 Million Bonanza for the Winners of Crypto’s Collapse: Lawyers
Posted inBankruptcies BlockFi Inc Celsius Network LLC Compensation for Damages (Law) Computers and the Internet Genesis Global Capital HK FTX Trading Ltd (Futures Exchange) KIRKLAND & ELLIS Legal Profession Prices (Fares, Fees and Rates) Suits and Litigation (Civil) Sullivan & Cromwell Virtual Currency Voyager Digital LLC

A $700 Million Bonanza for the Winners of Crypto’s Collapse: Lawyers

Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
An A.I.-Generated Picture Stokes a Stock Market Plunge
Posted inBankman-Fried, Sam Bezos, Jeffrey P Biden, Joseph R Jr Carroll, E Jean Dimon, James Ellison, Caroline (1994- ) Federal Communications Commission Federal Energy Regulatory Commission Gates, Bill Gensler, Gary S Google Inc HK FTX Trading Ltd (Futures Exchange) Internal Revenue Service internal-storyline-no International Atomic Energy Agency Manchin, Joe III McCarthy, Kevin (1965- ) Microsoft Corp Morgan Stanley NVIDIA Corporation Regulation and Deregulation of Industry Republican Party RT (TV Network) Salame, Ryan Sanchez, Lauren (1969- ) Scott, Timothy Eugene Securities and Commodities Violations Senate Sullivan & Cromwell Twitter

An A.I.-Generated Picture Stokes a Stock Market Plunge

A stock sell-off driven by a since-debunked picture underscored fears about how artificial intelligence could be used for nefarious purposes with big consequences.
Regulators Raise the Alarm on a Potential Market Risk
Posted inBanking and Financial Institutions Bankman-Fried, Sam Biden, Joseph R Jr Commodity Futures Trading Commission DeSantis, Ron Federal Reserve System Goldman Sachs Group Inc HK FTX Trading Ltd (Futures Exchange) internal-storyline-no Johnson Associates Kaplan, Lewis A Korner, Ulrich McCarthy, Kevin (1965- ) Mintz Group LLC Regulation and Deregulation of Industry Solomon, David M Sullivan & Cromwell Treasury Department

Regulators Raise the Alarm on a Potential Market Risk

Turmoil in the banking sector could have a knock-on effect on clearinghouses, the intermediaries between buyers and sellers in financial markets.
Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges
Posted inBankman-Fried, Sam Bankruptcies Computers and the Internet Conflicts of Interest Frauds and Swindling HK FTX Trading Ltd (Futures Exchange) Law and Legislation Securities and Commodities Violations Sullivan & Cromwell Virtual Currency

Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges

The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.