Disgraced cryptocurrency billionaire — well, former billionaire — Sam Bankman-Fried isn’t feeling much remorse after his $32 billion exchange FTX collapsed in a matter of days, leaving users unable to withdraw funds and triggering a broader downturn in the crypto market that lost money for countless people around the world. But in a new interview… Continue reading Crypto Guy Says He’s Doing Fine After Losing Billions of Customers’ Money, Getting Plenty of Sleep
Author: Futurism_Magazine Online News
This Strongly Appears To Be Alameda CEO Caroline Ellison’s Tumblr Account
The implosion of the crypto exchange FTX has been garnering headlines all weekend, but we’re just beginning to unravel the mystery of one of the biggest personalities at the center of it all. While FTX founder CEO Sam Bankman-Fried has been gobbling up the majority of the attention in the ongoing debacle, Caroline Ellison —… Continue reading This Strongly Appears To Be Alameda CEO Caroline Ellison’s Tumblr Account
The FTX Collapse Is So Egregious That Even the Bahamas Are Investigating
They’re investigating to see “if any criminal misconduct occurred.” Gotta Be Bad There are few things that very wealthy people can do to get in trouble in the crypto-friendly tax haven that is the Bahamas — but disgraced FTX figurehead Sam Bankman-Fried has pulled it off. Multiple reports claim that in addition to an SEC… Continue reading The FTX Collapse Is So Egregious That Even the Bahamas Are Investigating
Sad Elon Musk Says He’s Overwhelmed In Strange Interview After the Power Went Out
SpaceX and Tesla CEO Elon Musk was already stretched pretty thin before he bought Twitter. Back in 2018, Musk famously slept on the couch at Tesla’s factory in Fremont, a purported attempt to turn the company around during a time of crisis. And Twitter, as expected, is turning into a major nightmare as well. That… Continue reading Sad Elon Musk Says He’s Overwhelmed In Strange Interview After the Power Went Out
Police Investigating Deadly Accident In Which Tesla Plowed Into Multiple People
Warning: The video is graphic. Deadly Speed A Tesla in China was captured on video killing two people and injuring three others in an alleged brake malfunction — and now, the company is working with Chinese authorities to figure out what, exactly, went so tragically wrong. As Reuters reports, Tesla has publicly affirmed that it’s working… Continue reading Police Investigating Deadly Accident In Which Tesla Plowed Into Multiple People
Crypto.com Accidentally Sent $400 Million to a Competitor
Cryptocurrency exchange Crypto.com — which bought the naming rights, alongside its peers at the newly-imploded FTX — is feeling the pressure following FTX’s collapse. This week, all eyes are on Crypto.com CEO Kris Marszalek, who had to fess up over the weekend to the fact that his company accidentally sent $400 million worth of Ethereum to an… Continue reading Crypto.com Accidentally Sent $400 Million to a Competitor
Experts Say Sam Bankman-Fried’s Best Legal Defense Is to Say He’s Just Really, Really Stupid
“Mismanaging your company and losing a bunch of other people’s money is not criminal.” Thought Crimes As the the FTX implosion continues, the company’s figurehead and just-resigned CEO, Sam Bankman-Fried, may end up facing significant legal peril. If he does, experts say he may end up employing an interesting defense: that his actions weren’t criminal… Continue reading Experts Say Sam Bankman-Fried’s Best Legal Defense Is to Say He’s Just Really, Really Stupid
Scientists Find That Lifting Weights Offers No Benefit Over Simply Lowering Them
Image by Getty Images/Futurism You go to the gym, you pick things up. But maybe, as the second half of the famous line goes, the focus should really be on putting them down. According to a recent study performed by researchers at Australia’s Edith Cowan University (ECU) and published in the European Journal of Applied… Continue reading Scientists Find That Lifting Weights Offers No Benefit Over Simply Lowering Them
Insurance Company Refuses to Pay Ransom, So Hackers Start Releasing Health Records of Up To 10 Million People
So far, at least 500,000 personal health records have been stolen. Breaching Whales Hackers plundered the health records of millions of customers from Australian health insurance provider Medibank, then dumped them on the dark web after Medibank refused to pay the demanded ransom. The hack first came to light in October, when it was unclear… Continue reading Insurance Company Refuses to Pay Ransom, So Hackers Start Releasing Health Records of Up To 10 Million People
The Guy Who Invented the World Wide Web Thinks We Should “Ignore” Web3
“Web3 is not the web at all.” Web of Lies The man who literally invented the form of the internet we all use believes the future of it lies in decentralization. That man is Tim Berners-Lee, a British computer scientist who’s widely credited with inventing the World Wide Web back in 1989. However, Berners-Lee thinks… Continue reading The Guy Who Invented the World Wide Web Thinks We Should “Ignore” Web3