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Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months in Prison
Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday, first reported by the Associated Press. Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, allowing the company to settle legal troubles and continue operating under a…
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Thank God FTX Won’t Be Coming Back
It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard. The Guardian reports that FTX lawyers say that attempts to revive the exchange have…
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Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down
Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $US50 million fine, according to court documents made public Tuesday. The Department of Justice is expected to announce a $US4 billion settlement with Binance this afternoon, putting an end to a fierce legal battle between…
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Enter ‘Grok,’ Elon Musk’s Anti-Woke Chatbot
Elon Musk unveiled ‘Grok’ Saturday, a snarky, anti-woke AI chatbot that has access to all tweets, giving real-time knowledge about the world – if you can call everything on X ‘knowledge’. It’s built on Grok-1, the first large language model from the billionaire’s artificial intelligence company, xAI. Grok will answer “spicy questions’’ with a bit…