Y Combinator

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

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The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on … Read more

An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack

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On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are accused of an “alleged conspiracy to launder” 94,636 bitcoins stolen from Bitfinex in 2016. Interestingly, both of the suspects are known individuals within the tech industry as Ilya Lichtenstein was the co-founder of Mixrank, a Y-Combinator backed startup and Heather Morgan was … Read more

Major VC Firm President Paid $10,000 to Preserve His Brain After Death

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Sam Altman, the president at Y Combinator, one of the largest early-stage technology venture capital firms globally, has paid $10,000 to preserve his brain and potentially upload his memories to the cloud after his death. Earlier this week, MIT Technology Review reported about a startup that is providing a mind-uploading service through a process that … Read more