Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform
Bloomberg :
Elon Musk's lawyer pledges to fight OpenAI's for-profit restructuring and says California's and Delaware's AGs “cannot sanitize OpenAI's unlawful conduct”
Bloomberg :
A South Korean court dismisses a K-pop-related stock manipulation case against Kakao founder Brian Kim; prosecutors had sought a 15-year prison sentence
Bloomberg :
A US district court judge temporarily blocks an FTC probe into Media Matters, part of an antitrust investigation into ad boycotts, calling the probe retaliatory
Bloomberg :
A US jury finds Tornado Cash co-founder Roman Storm guilty of conspiring to run an unlicensed money-transfer operation that laundered $1B+ via Tornado Cash
Bloomberg :
Sources: Binance wrote the smart contract for USD1, a stablecoin launched by Trump's World Liberty, and promoted it to its 275M users, before CZ sought a pardon
Bloomberg :
Source: Trump's World Liberty Financial sent a cease-and-desist letter to the company behind $TRUMP and to Magic Eden after they announced the $TRUMP Wallet
This is less than an hour after Bloomberg reported that the World Liberty Financial project sent a cease and desist to both the memecoin project and Magic Eden. … X: Molly White / @molly0xfff : The Tr...
A US judge vacates Avraham Eisenberg's convictions for fraud and manipulation related to a $110M theft on Mango Markets in 2022 due to insufficient evidence
Bloomberg :
Source: the US DOJ opens an investigation into Coinbase's recent data breach; Coinbase says it's working with the DOJ and US and global law enforcement agencies
Bloomberg :
Sources: the US DOJ is conducting a criminal antitrust probe into whether Live Nation and AEG illegally colluded on concert refunds at the start of the pandemic
Bloomberg : X: @matthewstoller and @benbrodydc See also Mediagazer X: Matt Stoller / @matthewstoller : A criminal antitrust probe of Live Nation-Ticketmaster? Yes please. https://www.bloomberg.com/.....