FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project

Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang, co-founder of FTX. The legal action stems from the exchange’s ambitious FTX Stocks project, [...]

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146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned of “potentially disastrous consequences” if the [...]

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LayerZero CEOs Exciting Announcement: Settlement Reached with FTX Estate

Layerzero, a decentralized finance (DeFi) platform, has announced a strategic partnership with FTX, a popular cryptocurrency exchange. This collaboration aims to enhance the settlement layer for FTX’s users by leveraging Layerzero’s innovative technology and expertise in DeFi. The partnership with Layerzero will enable FTX to optimize their settlement process, providing users with faster and more [...]

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US vice president gathers top tech CEOs to discuss dangers of AI

Vice President Harris gathered the heads of several AI development firms to discuss potential risks posed by the budding technology.

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