Documents: a whistleblower details the Boshang scam compound in Laos that defrauded victims of ~$2.2M over 11 weeks and utilized a system of worker debt bondage
A whistleblower trapped inside a “pig butchering” scam compound gave WIRED a vast trove of its internal materials …
The ramifications of a potential US crackdown against Tether, a noticeable player in the market for US debt, will extend beyond the digital asset industry
Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year …
The European Court of Justice rules against Apple over a record €13B Irish tax bill, confirming a 2016 decision; filing: Apple will incur a ~$10B charge in Q4
https://www.bbc.com/... “The EU Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need for the tax to be p...
Bolt co-founder Ryan Breslow settles with investor Activant Capital, ending a lawsuit that accused Breslow of saddling the company with $30M in personal debt
Bolt's Ryan Breslow and investor Activant Capital have filed to settle their bitter lawsuit over Breslow's outstanding $30 million debt, which was swept from the company's bank account after he defaul...
Sources: two SEC lawyers resigned after a US federal judge sanctioned and sharply rebuked the SEC for “gross abuse” of power in crypto platform DEBT Box's case
- Judge sanctioned regulator for ‘gross abuse of power’ in March — Utah crypto firm was put into receivership on staff's advice
Xiaolang Zhang, a former Apple engineer who pled guilty in August 2022 to IP theft of Apple's car project, is sentenced to 120 days in prison and a ~$147K fine
Must pay a whopping $146,000 restitution Anubhav / Gizmochina : Former Apple Engineer Sentenced for Stealing Self-Driving Car Secrets Wesley Hilliard / AppleInsider : Stealing Apple trade secrets can ...
Sources: Musk gave verbal guarantees to some US banks that they would not lose money on the Twitter deal; banks face serious losses on the “uninvestable” debt
Banks are facing serious losses on the debt as social media platform's business deteriorates
US v. SBF: Caroline Ellison says SBF asked her to make false balance sheets to hide debt, he considered offering FTX shares to the Saudi crown prince, and more
Caroline testified that SBF ordered her to use FTX customer funds to cover up for Alameda's losses — and to lie to lenders about it. She was in a “constant state of dread” about the looming liquidity...
How interest rates and X's weak performance, which prevented banks from unloading their debt, gave Elon Musk the upper hand before X CEO's meeting with banks
Elon Musk may hold the upper hand when negotiating with the banks that financed his Twitter bid. — LEAH MILLIS—REUTERS
Court filing: DCG makes an in-principle deal with Genesis creditors to resolve their bankruptcy claims, estimating recoveries of 70%-90% for unsecured creditors
Is the Saga Over? Lacton Muriuki / Cryptopolitan : Genesis vows 70-90% returns for creditors in new deal Samyuktha Sriram / Unchained Crypto : DCG and Genesis Reach In-Principle Deal With Creditors Ti...