Hearing in Delaware bankruptcy court is the first since the cryptocurrency exchange declared bankruptcy earlier this month Bankrupt cryptocurrency exchange FTX was run as the “personal fiefdom” of founder Sam Bankman-Fried with one of the company’s units spending $300m on real estate in the Bahamas for the use of its executives, a court heard on …
FTX was run as ‘personal fiefdom’ of Sam Bankman-Fried, court hears Read More »
Oversight board says removal of Secrets Not Safe by Chinx (OS) suggests ‘over-policing of certain communities’ Meta’s oversight board, the quasi-independent “supreme court” of Facebook and Instagram, has forced the company to reinstate a clip of drill music originally removed from Instagram at the request of the Metropolitan police. The clip, a short excerpt of …
Instagram told to reinstate music video removed at request of Met police Read More »
The 50 biggest claims against FTX total $3.1bn. Now a US court has to determine who gets what – if anything. Plus, what will be more valuable by the end of the year: Musk’s stake in Twitter, or a lettuce? Don’t get TechScape delivered to your inbox? Sign up for the full article here If …
How do you slice a billion-dollar crypto bankruptcy pie? Read More »
Company says cryptocurrency allegedly stolen in collapse being transferred to other exchanges The collapsed cryptocurrency exchange FTX owes its 50 biggest creditors nearly $3.1bn (£2.6bn), according to a filing in a US bankruptcy court. The exchange owes about $1.45bn to its top 10 creditors, it said in a court filing over the weekend, without naming …
Crypto exchange FTX owes nearly $3.1bn to 50 biggest creditors Read More »
The driver has not yet been charged with a crime, and the tech company said it was ‘devastated by the shocking events’ An SUV crashed through the front window of an Apple store Monday in Massachusetts, killing one person and injuring 16 others, authorities said. Police were investigating but didn’t immediately say whether the crash …
One dead and 16 injured after SUV slams into Massachusetts Apple store Read More »
Expert in device science at Imperial College London who developed the longer-life batteries that power electric cars and smartphones The development of much more efficient, next-generation lithium-ion batteries, with higher energy densities and longer life cycles, was just one of several significant innovations made by Mino Green, emeritus professor of electrical device science at Imperial …
Barbara Otis on the Twitter CEO’s troubling behaviour towards employees As an organisational development practitioner, I have been watching the Twitter disaster unfold. As André Spicer’s article says, the kind of workplace behaviour exhibited by Elon Musk is not unusual among people in positions of power (The Elon Musk effect: have we reached our limit …
Elon Musk is a case study in how not to be a boss | Letter Read More »
Twitter boss says he has ‘no mercy’ for those who capitalise on deaths of children, citing loss of son in 2002 Elon Musk has said he will not reinstate the conspiracy theorist Alex Jones on Twitter, saying he has “no mercy” for people who capitalise on the deaths of children for personal fame. Twitter permanently …
Elon Musk rules out conspiracy theorist Alex Jones’s return to Twitter Read More »
Platform’s paid verification system is being used to give sense of validity to accounts pushing health misinformation As the troubled social media platform Twitter rolled out a paid verification system and laid off thousands of content moderators, health misinformation accounts on the social network began pushing their messages to a wider audience than ever. Under …
‘Verified’ anti-vax accounts proliferate as Twitter struggles to police content Read More »
The collapse of digital ventures like FTX shows that no amount of hype and starry-eyed proselytising can escape reality The tiny island nation of Tuvalu recently announced that it would be the first country to fully replicate itself as a virtual reproduction in the metaverse. Tuvalu, comprising of nine small islands in the Pacific situated …
