(NEW YORK) -- FTX's new chief executive told a bankruptcy court Monday there is "a danger" to authorizing an independent investigation of the crypto exchange's collapse.John Ray said he had no use for prior court-supervised investigations into other companies he steered through bankruptcy."Neither in... Read More.
The Academy of Motion Pictures Arts and Sciences CEO says that To Leslie star Andrea Riseborough's best actress Oscar nomination will not be rescinded after many questioned the way she earned the recognition.In a statement from Academy CEO Bill Kramer addressing the controversy and... Read More.
(NEW YORK) -- The former chief executive of the cryptocurrency lending platform Celsius Network defrauded hundreds of thousands of investors out of hundreds of millions of dollars' worth of cryptocurrency, New York Attorney General Letitia James alleged in a new lawsuit filed Thursday.Alex Mashinsky... Read More.
(NEW YORK) -- Disgraced crypto executive Sam Bankman-Fried pleaded not guilty to federal criminal charges in Manhattan on Tuesday and was tentatively scheduled to stand trial Oct. 2.Bankman-Fried, instantly recognizable by his mop of unkempt hair, appeared before Judge Lewis Kaplan in a dark... Read More.
(NEW YORK) -- Disgraced crypto executive Sam Bankman-Fried is likely to plead not guilty to an eight-count fraud and conspiracy indictment when he appears in Manhattan federal court Tuesday, a person familiar with the matter told ABC News.Federal prosecutors have alleged Bankman-Fried orchestrated one... Read More.
(NEW YORK) -- After more than 15,000 flights were canceled over the Christmas holiday, leaving thousands of travelers in a lurch, Southwest Airlines says it's finally catching up.The airline said it plans to resume normal operations Friday with "minimal disruptions." In an exclusive interview... Read More.
(NEW YORK) -- Elon Musk earlier this month pledged to step down as the head of Twitter as soon as he finds someone "foolish enough to take the job."Musk's tentative resignation followed a Twitter poll posted by the billionaire entrepreneur in which 57.5% of... Read More.
(NEW YORK) -- In a nearly three-minute video statement Tuesday, Southwest CEO Bob Jordan said he is "truly sorry" for the airline's failures over the holiday weekend, praising the airline's employees, who he said "are showing up in every way," as the airline grapples... Read More.
(NEW YORK) -- The results are in: Twitter users told CEO Elon Musk he should step down.Musk polled Twitter users Sunday night on whether he should step down as head of the social media platform.The poll ended Monday morning, with 57.5% of voters saying... Read More.
(NEW YORK) -- Sam Bankman-Fried, who is facing charges in the United States following the collapse of his cryptocurrency company, FTX, is prepared to waive extradition from the Bahamas during a court appearance that could occur as soon as Monday, multiple sources familiar with... Read More.
(NEW YORK) -- The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with defrauding investors."FTX’s collapse highlights the very real risks that unregistered crypto asset trading platforms can pose... Read More.
(NEW YORK) -- As investigators continue to gather clues about Saturday night's shooting in a Colorado Springs LGBTQ nightclub that has left 5 people dead and 25 people injured as of Monday afternoon, LGBTQ rights groups have said that there is an increased state... Read More.