Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a Senate Agriculture, Nutrition and Forestry Committee hearing in Washington, D.C., on Wednesday, Feb. 9, 2022.Sarah Silbiger/ | Bloomberg | Getty ImagesFormer FTX CEO Sam Bankman-Fried is refusing to testify at…

Binance’s proof-of-reserves audit has already raised red flags, with some experts claiming it is far from enough to satisfy worried users.The so-called proof-of-reserves report was released on December 7 in the form of a 5-page PDF document prepared by the global accounting firm Mazar’s South…

Goldman Sachs is considering making hundreds of job cuts at its consumer business after chief executive David Solomon unveiled plans to scale back its “Main Street” banking ambitions, according to people familiar with the matter. Goldman is also planning to stop offering personal loans through…

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019.Mike Blake | ReutersTesla CEO Elon Musk is no longer the richest person in the…

FTX allowed affiliated trading firm Alameda Research to borrow funds from the cryptocurrency exchange “without any effective limits”, according to its court-appointed chief executive, highlighting the depth of ties between the digital asset groups that failed last month.John Ray III provided new details on FTX…

Twitter on Monday relaunched an option for users who pay for its subscription service to receive a coveted “blue check,” one month after the company was forced to pull the feature amid a wave of “verified” accounts pretending to be brands and high-profile users. The…