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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Government borrowing costs rise after PM’s U-turn
admin, , Business, 0
“It’s unlikely that the removal of Kwasi Kwarteng as chancellor and the new plans to cancel the cancellation of...
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Ex-World Bank head Robert Zoellick: ‘The world could look like 1900 again’
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Media playback is unsupported on your device Media captionRobert Zoellick: ‘The world could look more like the world of...
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Monzo bank in money laundering rules investigation
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“In May 2021, the FCA notified us that it had started an investigation into our compliance with the Money...
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Government borrowing fell in April as UK reopened
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“April’s public finances figures showed that the government’s financial position isn’t as bad as the Office for Budget Responsibility...
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Ocado sales hit as workers return to the office
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Susannah Streeter, senior markets analyst at Hargreaves Lansdown, said: “For now it does appear that some pandemic habits are...
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Bank boss says UK interest rate cut ‘on the way’
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He said it was “reasonable” that financial markets were pricing in two or three rate cuts this year, but...
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Elon Musk sues Unilever and Mars over X ‘boycott’
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Elon Musk’s X/Twitter is suing a group of major companies, alleging that they unlawfully conspired to boycott the site....
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Millions start getting £326 cost-of-living payment
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Data seen by the BBC shows that Citizens Advice referred almost 700 people a day to food banks in...
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