Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more

Russian court upholds $33 mln fine against Google

Russian court upholds  mln fine against Google

Nov 24 (Reuters) – An arbitration court in Moscow has upheld a 2-billion rouble ($33 million) fine against Google issued by Russia’s federal anti-monopoly service over the company’s decision to block some YouTube channels, the RIA Novosti news agency reported, citing a court decision. Reporting by Reuters; Editing by Kevin Liffey Our Standards: The Thomson … Read more

Simon & Schuster to let sale to Penguin fall apart, sources say

Simon & Schuster to let sale to Penguin fall apart, sources say

NEW YORK, Nov 20 (Reuters) – Book-publishing powerhouse Simon & Schuster will let its $2.2 billion sale to Penguin Random House collapse on Monday, opening the door for a new suitor to try to clinch a deal, according to people familiar with the matter. The acquisition was blocked on Nov. 1 by a federal judge … Read more

U.S. opens antitrust probe into Ticketmaster -New York Times

U.S. opens antitrust probe into Ticketmaster -New York Times

WASHINGTON, Nov 18 (Reuters) – The U.S. Justice Department has opened an antitrust investigation into Ticketmaster’s owner, Live Nation Entertainment (LYV.N), the New York Times reported on Friday after the company’s sale of Taylor Swift concert tickets this week overwhelmed its website. Reporting by Diane Bartz Editing by Chris Reese Our Standards: The Thomson Reuters … Read more

Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange

Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange

FTX bought a 10% stake in IEX with an option to acquire 100% FTX spent $2 billion on ‘acquisitions for regulatory purposes’ Documents show FTX saw its regulatory status as a way of luring new capital from major investors Nov 18 (Reuters) – Before it collapsed this month, FTX stood apart from many rivals in … Read more

FTX founder Sam Bankman-Fried says he is in the Bahamas

FTX founder Sam Bankman-Fried says he is in the Bahamas

NEW YORK, Nov 12 (Reuters) – FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America after the exchange filed for bankruptcy and he was removed as chief executive. When asked by Reuters whether he had flown to Argentina, Bankman-Fried … Read more

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “Iā€™m sorry,ā€ he told them. ā€œI fucked up.ā€ The reason for the mea culpa: His announcement half an hour earlier that … Read more

Penguin, Simon & Schuster merger blocked over impact on authors – U.S. judge

Penguin, Simon & Schuster merger blocked over impact on authors – U.S. judge

WASHINGTON, Nov 7 (Reuters) – A U.S. judge cited negative impacts on top-selling authors in blocking a planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster, according to a written opinion released Monday. Judge Florence Pan of the U.S. District Court for the District of Columbia … Read more

Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

NEW YORK, Oct 22 (Reuters) – Nasdaq Inc (NDAQ.O) has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come … Read more

U.S. consumer protection watchdog’s funding unconstitutional, court rules

U.S. consumer protection watchdog’s funding unconstitutional, court rules

Oct 19 (Reuters) – A federal appeals court ruled on Wednesday that the U.S. Consumer Financial Protection Bureau’s funding apparatus is unconstitutional, faulting a system Democrats designed to insulate the agency from requiring congressional appropriations. The New Orleans-based 5th U.S. Circuit Court of Appeals ruled that the CFPB’s independent funding through the Federal Reserve rather … Read more