Sam Bankman-Fried Wants to Start New Business to Repay FTX Users — ‘I’m Going to Try if I Can’
Former FTX CEO Sam Bankman-Fried (SBF) has revealed that he wants to start another business in the hope of earning money to repay FTX customers. “I would give anything to be able to do that. And I’m going to try if I can,” he said. SBF Wants to Start a New Business Sam Bankman-Fried (SBF), former CEO of the collapsed crypto exchange FTX, was asked in an interview with the BBC, published Saturday, whether he planned to start a new...
Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in The Bahamas
Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, according to local reports citing the country’s attorney general Ryan Pinder. According to Pinder, SBF’s arrest “followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.” **Editor’s note: This article’s final paragraph was updated at 8:10 p.m. (ET) on Dec. 12,...
While Elon Musk Plans to Purge 1.5 Billion Inactive Twitter Names, Bitcoiners Beg Him to Preserve Hal Finney’s Account
On Dec. 9, 2022, Twitter’s owner Elon Musk told the public that the social media company plans to purge 1.5 billion accounts. Musk further added that the deletions would be obvious accounts that have no tweets or they haven’t logged in for years. However, after Musk announced this plan, a great number of cryptocurrency proponents have grown concerned that Hal Finney’s account would be among the purged names. Finney, who passed away in...
Yout Seeks Clarification on the Legality of Youtube-DL Based Software
Two years ago, the RIAA caused outrage by taking down the open source YouTube-ripping tool youtube-dl from GitHub. The RIAA cited the DMCA’s anti-circumvention provisions, arguing that the tool could be used to download their artists’ musical works from YouTube, in breach of copyright. With little supporting case law in the United States, the RIAA referenced a German court ruling instead. This court concluded that YouTube’s “rolling...
MPA Wins $20.7m Damages Against Former Piracy Giant PrimeWire
When several major studios filed a copyright lawsuit against PrimeWire last year, it shouldn’t have come as much of a surprise. It did nonetheless – it was a long time coming. More than a decade ago, a successful pirate streaming site called LetMeWatchThis reportedly ran into domain issues, and after a swift rebranding exercise, returned as 1Channel. What prompted the site to change its name yet again isn’t clear but, after adopting...
