Delaware

Explosive testimony revealed that co-founder of cryptocurrency exchange FTX was ordered by Sam Bankman-Fried to create a backdoor

Sam Bankman-Fried “Ordered FTX Co-Founder to Create a Secret Backdoor” to Alameda Research

Explosive testimony has revealed that the co-founder of cryptocurrency exchange FTX was instructed by Sam Bankman-Fried to create a “secret” backdoor to funnel money into Alameda Research. FTX attorney Andrew Dietderich told Delaware bankruptcy court on Wednesday that Gary Wang was ordered to create the secret line of credit from FTX’s client funds to the …

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Elon Musk's salary package at Tesla challenged in court

Elon Musk’s salary package at Tesla challenged in court

WILMINGTON, Del. (AP) — Testimony began Monday in a Delaware courtroom where a Tesla shareholder is challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by members of Tesla’s board of …

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