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Cryptocurrency
FTX restructurers allege SBF, other execs knowingly commingled, misappropriated customer funds since inception
Documents filed with the court regarding the bankruptcy of the virtual currency exchange FTX claim Executives, including founder Sam Bankman-Fried,…
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Cryptocurrency
Court allows bankrupt crypto exchange Bittrex to resume customer withdrawals
Bittrex’s U.S. division will resume withdrawals on June 15 after receiving court approval on a plan to pay back customers…
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Cryptocurrency
Exodus sees Q1 revenue drop to $13M but reports high customer loyalty
Cryptocurrency wallet company Exodus has released its first quarter report. June 8reported revenue of over $13 million, with active user…
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Video Games
Ubisoft Hit by More Layoffs in Customer Service and Elsewhere
Ubisoft has laid off 60 people from its offices in North Carolina and Newcastle, UK. The cut seems to have…
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Cryptocurrency
Voyager intends to start returning customer funds in coming weeks
Voyager Digital plans to begin returning funds to creditors as part of its bankruptcy proceedings, Voyager’s Board of Unsecured Creditors…
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Cryptocurrency
Bloomberg, others ask court to release FTX customer details
4 traditional media houses — Bloomberg, Dow Jones, New York Times, Financial Times — Objected to the redaction of non-U.S.…
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Business
First Republic Bank Lost $102 Billion in Customer Deposits
First Republic Bank, the most endangered U.S. lender after last month’s banking crisis, revealed chilling details on Monday about how…
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Gaming PC
Sony Becomes AMD’s Largest Customer on Booming PS5 Sales
Last year, Sony became AMD’s biggest customer, accounting for 16% of the company’s revenue as the company’s PlayStation 5 extended…
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Cryptocurrency
Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds
Crypto-friendly Signature Bank has been embroiled in a class action lawsuit over its role in running the defunct cryptocurrency exchange…
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Gaming PC
Intel Foundry Services to Produce 3nm Chips for Major Datacenter Customer
One of the least-noticed highlights of Intel’s earnings call this week was that the company’s contract chip manufacturing division of…
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