Sources: Meta tried to acquire Safe Superintelligence earlier in 2025; after Ilya Sutskever rebuffed the offer, Zuckerberg moved to recruit SSI CEO Daniel Gross
When Meta CEO Mark Zuckerberg poached Scale AI founder Alexandr Wang last week as part of a $14.3 billion investment …
Sources: Anthropic has ruled out taking any Saudi money over national security concerns, as investors jostle to buy into FTX's 8% stake that is now worth ~$1B
report RT Watson / The Block : OpenAI rival Anthropic selling FTX stake, but Saudi buyers left out of consideration: report Ananya Mariam Rajesh / Reuters : Anthropic weighs slate ...
Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to reduce its operating expenses by 25% QoQ; Coinbase laid off 18% in June
- Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June. — CEO Brian Armstrong pointed …
New York AG Letitia James files a civil lawsuit against Celsius co-founder Alex Mashinsky, alleging he defrauded investors out of billions via false statements
Wall Street Journal :
The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019
Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors
A look at a draft copy of Sam Bankman-Fried's planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.
Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited
- The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney …
California, New York, and other states take action against crypto lender Nexo, from sending cease and desists to suing, focusing on interest-bearing accounts
A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday.
Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions
Plaintiffs Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon … David Yaffe-Bellany / New York Times : Investors Sue Treasury Department for Blacklisting Crypto Pla...
Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions
Six users of Tornado Cash, a popular decentralized cryptocurrency service, filed a lawsuit on Thursday against the U.S. Treasury Department …
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue
- FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue
- FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.
Celsius files for Chapter 11 bankruptcy protection in New York, declaring assets and liabilities between $1B and $10B, plus $167M in cash on hand for operations
- Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection.
Sources: Klarna is nearing a deal to raise ~$650M mostly from existing investors led by Sequoia Capital at a ~$6.5B valuation, down from $45.6B in June 2021
The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, citing extreme market conditions
We are writing with a very important message for our community. — Due to extreme market conditions, today we are announcing that Celsius is pausing …
Andreessen Horowitz announces a $4.5B crypto fund, its fourth and largest so far, allocating about $1.5B for seed investments and $3B for venture investments
Since the advent of computing in the 1940s, there has been a major computing …
Andreessen Horowitz announces a $4.5B crypto fund, including $1.5B for seed investments, its fourth and largest such fund
Venture capital group launches its largest fund to date focused on digital assets despite market downturn — Andreessen Horowitz has launched a $4.5bn cryptocurrency fund …
Robinhood plans to lay off ~9% of its full-time employees, after growing its headcount from 700 to nearly 3,800 between 2019 to 2021
Under the Hood :