Sam Bankman-Fried pleaded not guilty Tuesday to all eight counts of fraud and money laundering charges related to the collapse of his FTX crypto exchange. Bankman-Fried’s plea comes less than a month after he was arrested in the Bahamas and extradited to the U.S. The judge set a trial date of Oct. 2, 2023. Gary Wang, the former FTX chief technology officer, and Caroline Ellison, the former...
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Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence. Since then, all manner of startups have emerged, building technology to compete with ChatGPT and developing services that use generative AI. Despite an otherwise cool funding environment, investors are jockeying to join the action. The most recent sign: The Information reported Wednesday that...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.