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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Fed holds interest rates steady – for now
admin, , Business, 0
A three-year pause on student loan payments is also due to expire in coming weeks, while Washington is at...
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Foxconn: Taiwan-based iPhone-maker investigated by China
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The Global Times also cited experts as saying the investigation may impact the elections and that “if the secessionists...
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Warning energy bills may rise above £4,000 in April
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The prediction from analysts comes as the government scales back its two-year promise to cap bills.
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Fears for 5,000 UK steel jobs as lender collapses
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“The joint administrators are in continued discussion with an interested party in relation to the purchase of certain Greensill...
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Hundreds disappointed by Mother’s Day bouquets
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In the era of coronavirus when we can’t visit our loved ones – flowers arriving late, damaged or not...
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Sports Direct owner Mike Ashley warns of possible shop closures
admin, , Business, 0
The group suggested that many retailers would have expected further rates relief “until structural reform is implemented”, adding that...
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Sri Lanka central bank governor submits resignation amid crisis
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With him in charge, the bank said: “Sri Lanka was able to maintain sound and stable macro-economic fundamentals, with...
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UK banks can weather pandemic, says Bank of England
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Banks have built up strong capital buffers since the financial crisis more than a decade ago, the Bank said...
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