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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Dutch to restrict chip equipment exports amid US pressure
admin, , Business, 0
“The uncontrolled export of goods and technologies therefore potentially poses national security risks,” she added. “The Netherlands bears an...
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‘Disappointed’ travel chiefs seek clarity from PM
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Tim Alderslade, chief executive of Airlines UK, said: “Whilst we support the establishment of a framework for restarting international...
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IMF openly criticises UK government tax plans
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The UK government proposals will work at “cross purposes” with the cost-of-living fight, the IMF says.
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Interest rate rise expected after UK inflation shock
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“It’s only when companies feel nervous about the future that they will think ‘Well, maybe I won’t put through...
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Gamers help Currys through challenging Christmas
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“I’ve mentioned our colleagues are more engaged, they’re telling us they’re happier than ever and that’s because we’ve worked...
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Start-ups frustrated by HMRC’s ‘slowness and lack of communication’
admin, , Business, 0
“There are frequently significant backlogs at HMRC to review applications, which delays the timing of the payment of the...
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Pay rebound for workers hit by the pandemic
admin, , Business, 0
“Children make an enormous difference, but the gap doesn’t widen when women take time off with their first newborn,...
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Brexit: Firms warn ‘clock is ticking’ to keep goods moving
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Brexit: Boris Johnson hails free trade deal with EU
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