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Binance’s new CEO, Richard Teng, emphasizes the leadership team’s continuity following the DOJ settlement, ensuring operational stability amid legal challenges. Despite the earlier resignation of Changpeng Zhao as chair of Binance.US, the newly appointed Binance CEO, Richard Teng, is reluctant to change the exchange’s executive leadership team. This statement comes amid
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OpenAI President Greg Brockman, a pivotal figure in the company’s technical achievements, resigned from the board on the same day as Altman’s dismissal. Following the untimely departure of Sam Altman, Emmett Shear, co-founder of Twitch, has been named as the interim CEO of OpenAI, according to reports. This move aims to
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SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law. In an encouraging development, the US Securities and Exchange Commission (SEC) has hinted at the possibility of approving the revival of the beleaguered cryptocurrency exchange FTX, if
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The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law. SEC Chair Gary Gensler’s comments were made in response to reports that Tom Farley, a former president of
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Rep. Patrick McHenry, who chairs the United States House Financial Services Committee, has suggested that he may try to subpoena the Securities and Exchange Commission (SEC) over documents related to former FTX CEO Sam Bankman-Fried, or SBF.In a Sept. 27 hearing on oversight of the commission, McHenry claimed chair SEC
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PayPal’s launch of a U.S. dollar-pegged stablecoin has prompted questions from Democratic members of the House Financial Services Committee, while Republican leadership said the coin showed the potential of regulatory clarity.In an Aug. 9 statement, committee ranking member Maxine Waters said she was “deeply concerned” about the PayPal USD (PYUSD)
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According to the filing, FTX issued more than $725 million worth of equity to Bankman-Fried, former CTO and Co-Founder Gary Wang, Director of Engineering Nishad Singh, and former Alameda Research CEO Caroline Ellison. Of this $725 million, $447.8 million allegedly went to Singh, and the lawsuit documents how it was
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Lawyers on behalf of FTX Trading Ltd. and Maclaurin Investments Ltd. (owned by Alameda Research, the hedge fund arm of the bankrupt FTX empire) asked the court to order the return of funds transferred to Patrick Gruhn, Robin Matzke, Brandon Williams, and Lorem Ipsum UG, the leadership of FTX Europe. Original
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FTX lawyers are suing former CEO Sam Bankman-Fried, co-founder Zixiao Wang, and former senior executive Nishad Singh over the $220 million acquisition of stock-clearing platform Embed, alleging lack of due diligence. According to a May 17 filing, FTX had paid $220 million to acquire Embed through its United States subsidiary after having
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Yuga Labs, creator of Bored Ape Yacht Club and Otherside, is adding prominent gaming professionals to its team, including Mike Seavers as its new CTO, in a strategic move to strengthen and expand its unicorn startup. A
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