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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Plastic bag charge to double to 10p in all shops in England
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Association of Convenience Stores chief executive, James Lowman, said: “We strongly welcome the inclusion of local shops and other...
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US shares and Bitcoin hit record high on Trump win
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US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as...
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What are Elon Musk’s plans for Twitter?
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Howard Fischer, partner at law firm Moses & Singer, told Reuters that, given he had already bought a stake...
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New home and car insurance rules mean change in prices
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James Dalton, from the Association of British Insurers, said: “While the FCA recognises that these changes could lead to...
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Rail strike: Four out of five trains won’t run during strikes
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Network Rail, which owns and maintains the country’s railways, said there would also be no passenger services to locations...
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Smart motorways: How safe are they?
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The technology behind England’s smart motorway network stops working on a regular basis, the BBC has discovered. Figures obtained...
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Burger King Russia partner ‘refuses’ to shut shops
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MP Alona Shkrum said: “It is very important to put Putin in isolation and for him to know he...
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Firms opt for smaller Christmas parties over Omicron fears
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“The government needs to recognise that, while restrictions are not in place for the hospitality and night time economy...
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