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On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation (FDIC) placed it into receivership last week. 3 … Read more
The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel Securities. In the Twitter … Read more
Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted Troubled cryptocurrency exchange FTX has … Read more
Two Turkish imams have been fired for possessing bitcoin investments, according to local media reports. Turkey’s religious authorities determined that bitcoin is “not compatible with Islam” in November 2017. Also Read: Bitcoin Mining Training Coming to 30 Cities in India Two Imams Fired for Owning Bitcoin It has been reported that two religious officials in Zonguldak, … Read more
Russian nuclear scientists working at a top-secret nuclear center have been arrested for allegedly using the center’s computer facilities for the purpose of mining cryptocurrencies. Also Read: Russia’s Largest Bank Caught Employees Mining For Crypto Russian Nuclear Engineers Arrested for Secrectly Mining Cryptocurrencies Engineers working for the All-Russian Research Institute of Experimental Physics at the Federal … Read more
