The tweet was, as discussed, net bad. Billions gushed out of the platform in less than five days. When it was all over, more than $8bn in customer funds were missing and the company was bankrupt. Five weeks after that, prosecutors in Manhattan charged Bankman-Fried, who had already resigned, with several financial offences including wire fraud, securities fraud, commodities fraud and money laundering.
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Elizabeth Holmes testifies she ‘never’ misled investors
admin, , Business, 0
Ms Holmes has accused Mr Balwani, 19 years her senior, of emotional and sexual abuse. She described an intense...
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Brexit: Cost of everyday goods ‘could rise’ without a deal, hauliers warn
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In a letter to the Sunday Times, David Wells, the group’s chief executive, urged the PM to work towards...
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Elon Musk says Tesla has not signed deal with Hertz
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You’re welcome! If any of this is based on Hertz, I’d like to emphasize that no contract has been...
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British Airways passengers ‘stunned’ over cash refunds stand-off
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Image copyright Margaret Minto Image caption Gordon and Margaret Minto were shocked to learn that British Airways will not...
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Covid: Should I be working from home or going back to the office?
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If employees feel unsafe, they can contact their local authority, Citizens Advice or the Health and Safety Executive (HSE)....
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Interest rate ‘rigging’ evidence ‘covered up’ by banks
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The evidence indicates that in October 2008, central banks including the Bank of England, the Banque de France, the...
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Holiday bookings surge following lockdown exit plans
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“If we were to believe that May would enable us to reopen, then I believe we’d have a really...
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Whitbread to cut 6,000 jobs as hotel demand slumps
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Image copyright Whitbread Whitbread, which owns Premier Inn and Beefeater, has warned that 6,000 staff could lose their jobs....
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