Saturday, January 14, 2023

An FTX lawyer told the Delaware bankruptcy court that SBF asked FTX cofounder Gary Wang to create a secret backdoor to let Alameda borrow $65B of clients' money (Pete Syme/Insider)

Pete Syme / Insider:
An FTX lawyer told the Delaware bankruptcy court that SBF asked FTX cofounder Gary Wang to create a secret backdoor to let Alameda borrow $65B of clients' money  —  - Bankruptcy lawyers said Sam Bankman-Fried's Alameda had access to a $65 billion credit line from FTX.



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Reports of Meta launching standalone Meta AI and Reels apps aren't surprising, as the company has a history of repeatedly bundling and unbundling its products (M.G. Siegler/Spyglass)

M.G. Siegler / Spyglass : Reports of Meta launching standalone Meta AI and Reels apps aren't surprising, as the company has a history...