In early May, Bankman-Fried filed pretrial motions to dismiss most charges levied against him by U.S. prosecutors, with his defense arguing procedural issues, the irrelevance of some U.S. laws given FTX's non-U.S. location, and that the charges exceeded the agreed extradition terms. The motions did not seek to dismiss securities BankmanFriedChargesDismissalDontFTXsProsecutorsSamU.SWarrant Read More
Tools of Humanity, the company behind the Worldcoin project, said that the capital raised shall go towards boosting research, growth and other development efforts for the project.
Sam Altman, the chief executive of has recently secured $115 million in fresh Series C funding for the Worldcoin project. Blockchain Capital led 115MAltmanfundingOpenaisProjectSamSecuresWorldcoin Read More
Tools for Humanity, the team behind Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by OpenAI CEO Sam Altman.
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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 220MBankmanFriedBankruptcyDealFTXLeadershipPriorSamSues Read More
Sam Altman’s sincerity impressed lawmakers at Tuesday’s hearing as he discussed AI’s destructive potential and supported proper regulation.
OpenAI CEO and Worldcoin co-founder Sam Altman recently testified in a US Congress hearing on artificial intelligence (AI). At Tuesday’s ‘historic’ hearing, Altman discussed possible government regulation of the AI space and fielded AltmanCEOChiefCongressHearingIBMNYUOfficerOpenAIProfessorSafetySamtestifiesTrust Read More
Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus. The Senate judiciary subcommittee session represented Altman’s first official appearance before Congress, giving senators the opportunity to question the OpenAI CEO concerning his company’s views AltmanCEOHearingHistoricOpenAISafetySamSenatetestifies Read More
This information was puzzling when it first emerged – Santos had no clear connection to FTX, and no apparent interest in crypto or any other issues Bankman-Fried feigned concern about. According to Puck News, though, the explanation for the Santos connection is relatively straightforward. Salame’s girlfriend, Michelle Bond, former CEO BankmanFriedsFounderFTXGeorgeLiesSamSantosthreadTiesWeb Read More
Before his business collapsed, FTX founder Sam Bankman-Fried built one of the cryptocurrency industry's largest exchanges and personal brands by dazzling the media, public and politicians. Axios reporter Brady Dale argues SBF's addiction to fame led to his notoriety.
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Bankman-Fried, who is set to go to trial this upcoming fall, faces over a dozen different charges ranging from wire, securities and commodities fraud allegations to bribery claims brought across multiple superseding indictments tied to his conduct as the former CEO of the Bahamas-based crypto exchange. FTX collapsed dramatically last BankmanFriedBitcoinChargescriminalcryptoexchangeDismissExchangesFTXsMovesSam Read More
FTX founder and former CEO Sam Bankman-Fried (SBF) is seeking to have up to 10 criminal charges against him dismissed in court, arguing for several counts that there has been a failure to state an offense. According to court documents filed in the southern district court of New York on May BankmanFriedChargesCourtDismissFounderFTXSamUrges Read More