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Taylor Swift Concert Fiasco Leads to U.S. Senate Grill Ticketmaster

Taylor Swift Concert Fiasco Leads to U.S. Senate Grill Ticketmaster

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WASHINGTON, Jan 24 (Reuters) – U.S. senators on Tuesday denounced Live Nation Entertainment’s lack of transparency and failure to block robotic ticket purchases, in a hearing called after a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour. Ticketmaster, a subsidiary of Live Nation Entertainment Inc (LYV.N), which has been unpopular with fans …

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Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

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LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato …

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Failed Crypto Exchange FTX Recovered Over $5 Billion, Lawyer Says

Failed Crypto Exchange FTX Recovered Over $5 Billion, Lawyer Says

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FTX valued a year ago at $32 billion Over $8 billion in missing FTX client funds FTX Affiliate Sales Plan Presented in Court NEW YORK/WILMINGTON, Delaware, Jan 11 (Reuters) – Crypto exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in the collapse of the company founded …

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Exclusive: Former FTX Top Lawyer Helped US Authorities in Bankman-Fried Case

Exclusive: Former FTX Top Lawyer Helped US Authorities in Bankman-Fried Case

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Jan 5 (Reuters) – Former FTX top lawyer Daniel Friedberg cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure about founder Sam Bankman-Fried who was arrested for criminal fraud last month. Friedberg gave details about FTX in a Nov. 22 meeting with two dozen …

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Sam Bankman-Fried Pleads Not Guilty in FTX Fraud Case; October Trial Set

Sam Bankman-Fried Pleads Not Guilty in FTX Fraud Case; October Trial Set

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NEW YORK, Jan 3 (Reuters) – Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges of misleading investors in his now bankrupt cryptocurrency exchange FTX and causing billions of dollars in losses, in what prosecutors called it an “epic” fraud. He pleaded in federal court in Manhattan where he faces eight counts, including wire …

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Bankman-Fried and FTX executives received billions in hidden loans, says former Alameda CEO

Bankman-Fried and FTX executives received billions in hidden loans, says former Alameda CEO

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NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and other FTX executives have received billions of dollars in secret loans from the crypto tycoon’s Alameda Research, the former fund chief said speculation to a judge when she pleaded guilty to her role in the collapse of the exchange. . Caroline Ellison, former managing director of …

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Exclusive: Sam Bankman-Fried overturns decision to challenge extradition

Exclusive: Sam Bankman-Fried overturns decision to challenge extradition

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Dec 17 (Reuters) – Former FTX chief executive Sam Bankman-Fried is due to appear in a Bahamian court on Monday to reverse his decision to challenge his extradition to the United States, where he faces charges of fraud, said a person familiar with the matter. Saturday. The 30-year-old cryptocurrency tycoon was indicted in federal court …

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FTX Founder Sam Bankman-Fried Charged With Fraud Denied Bail

FTX Founder Sam Bankman-Fried Charged With Fraud Denied Bail

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NASSAU, Bahamas/NEW YORK, Dec 13 (Reuters) – U.S. prosecutors on Tuesday charged Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, with fraud and violating campaign finance laws and a Bahamian judge denied him bail, sending him to a local correctional facility instead. The former FTX CEO, who was arrested in the Bahamas on Monday, bowed …

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Sam Bankman-Fried says he 'never tried to commit fraud'

Former FTX CEO Bankman-Fried Arrested in Bahamas After US Files Complaint

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Dec 12 (Reuters) – (Editor’s note: This story contains language in paragraph 18 that some readers may find offensive) FTX founder Sam Bankman-Fried was arrested in the Bahamas at the request of U.S. prosecutors on Monday, the day before he will testify before Congress about the brutal failure last month of one of the world’s …

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Meta takes on the US antitrust agency over the future of virtual reality

Meta takes on the US antitrust agency over the future of virtual reality

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SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …

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