Tag: FX

The Solana cryptocurrency nightmare seems endless.  The token, known as SOL, is one of the few cryptocurrencies directly linked to Sam Bankman-Fried, the disgraced king of the crypto sphere who filed for Chapter 11 bankruptcy of his crypto empire on November 11. FTX, the exchange cryptocurrencies he co-founded in May 2019, was unable to meet withdrawal…

Share to FacebookShare to TwitterShare to LinkedinBloomberg (3) The embattled cryptocurrency industry and its wealthy pioneers face a moment of reckoning after the collapse of crypto exchange FTX and hedge fund Alameda Research In January 2022, Sam Bankman-Fried was riding high. His Bahamas-based FTX had just raised $400 million from prominent venture capitalists at a…

Share to FacebookShare to LinkedinTopline A Bahamas judge on Wednesday approved the extradition of former billionaire Sam Bankman-Fried, the founder of befallen crypto exchange FTX, from a Nassau jail to the United States, where the former crypto wunderkind faces a slew of criminal charges tied to the implosion of his multi-billion-dollar exchange and allegations he…

Share to FacebookShare to TwitterShare to LinkedinTopline Amber Heard said Monday she has decided to settle the multimillion-dollar defamation case brought against her former husband, fellow actor Johnny Depp, in Virginia, saying she has “lost faith in the American legal system” after she was ordered to pay $15 million in damages to Depp when a…

Share to FacebookShare to TwitterShare to LinkedinTopline Under a set of new digital rules, Twitter could face sanctions ranging from from billion-dollar fines to being banned across the European Union over suspending the Twitter accounts journalists who report on owner Elon Musk, an EU official warned early Friday. Elon Musk gestures as he arrives on…

Share to FacebookShare to TwitterShare to LinkedinTopline Sam Bankman-Fried insinuated law firms looking for a massive payday contributed to cryptocurrency exchange FTX’s decision to file for bankruptcy last month, during a Monday morning interview with Forbes, as the FTX founder outlined his roadmap for what led to his once burgeoning empire’s shocking demise—and tried to…

Share to FacebookShare to TwitterShare to LinkedinTopline The multimillion-dollar partnership between Nike and NBA star Kyrie Irving is officially over, the sneaker giant confirmed to Forbes, finalizing the breakup a month after the company pulled Irving’s upcoming sneaker after he pushed antisemitic content, and once again proving Irving’s willingness to lose out on millions to…

Sam Bankman-Fried wants to pass for a tragic hero.  A few days ago, the founder of the bankrupt cryptocurrency exchange FTX launched a media blitzkrieg, meant to give his version that his empire’s downfall boils down to bad luck. The former trader has given successive interviews to several news outlets, including the New York Times/Deal…

“Got that dinero on my mind,” Beyoncé and Jay-Z wrote on the third track of their surprise album Everything is Love, which came out last June. A year later, it’s clear that the couple wasn’t just taking poetic license: With Jay-Z’s newly minted status as a billionaire and Beyoncé’s place on Forbes’ richest self-made women

Share to FacebookShare to TwitterShare to Linkedin  Concept by Fernando Capeto; Illustration by Gracelynn Wan for Forbes The complaint says the Bitcoin Latinum founder lured an investor in with the promise that the producers of Star Trek had already invested $20 million. An investor in a scarcely-known cryptocurrency called Bitcoin Latinum — named for a…