Failed crypto exchange FTX's spectacular collapse was due to 'hubris, incompetence, and greed,' says first debtors' report

Tech Insider : Crypto
sam bankman fried
Failed crypto exchange FTX's spectacular collapse was due to 'hubris, incompetence, and greed,' says first debtors report.

Eduardo Munoz/Reuters

I was sick of racist comments and scammers posing as my business online. Here's why I paid to get verified on Instagram.

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Adella Colvin sits in front of a brick wall with colorful yarn around her.
Adella Colvin is the owner of LolaBean Yarn Co. in Grovetown, Georgia.

Adella Colvin

Goldman Sachs was fined $3 million after it mixed up millions of 'short' sale orders as 'long.' The culprit was one missing line of code.

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Goldman Sachs
Goldman Sachs was fined $3 million by industry-backed regulator Finra.

AP

Bill Gates says pausing the development of AI systems will not 'solve' challenges ahead, days after Musk and others cautioned about 'risks to society' from the tech

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Bill Gates onstage in front of a black background.
Bill Gates doesn't think a call to halt advanced development for six months would be easy to enforce.

Michael Loccisano/Getty Images

A $200 Russian smartphone aiming to replace the iPhone isn't getting much love — fewer than 1,000 units have been sold since its debut

Tech Insider : Politics
A woman takes pictures with a smartphone standing on the pedestrian Patriarchal Bridge over the Moskva river, with the Kremlin seen in the background, in central Moscow on March 21, 2023, ahead of a meeting of Russian President and his Chinese counterpart.
A $200 Russian smartphone aiming to replace the iPhone isn't getting much love — fewer than 1,000 units have been sold since its debut.

Natalia Kolesnikova/AFP/Getty Images

Former Google CEO Eric Schmidt says those in AI industry have to 'make sure' the technology 'doesn't harm but just helps'

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Eric Schmidt , former chairman and CEO at GOOGLE visits Fox Business Network Studios on April 16, 2019 in New York City.

John Lamparski/Getty Images

Twitter is removing a legacy blue tick program — which Elon Musk called 'deeply corrupted' — from April 1

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In this photo illustration, a Verified Twitter Account seen displayed on a smartphone with a Twitter logo in the background.
Twitter is removing a legacy blue tick program — which Elon Musk called 'deeply corrupted' — from April 1.

Avishek Das/SOPA Images/LightRocket/Getty Images

Twitter founder Jack Dorsey's net worth dropped by more than $500 million after US short seller Hindenburg targeted his payments company Block

Tech Insider
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, attends the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021.
Jack Dorsey's Block payments firm is the latest company to be targeted by Hindenburg Research.

Marco Bello/Getty Images

Billionaire Charles Schwab's wealth plunged nearly $3 billion after his brokerage's shares were hammered amid the banking crisis

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Charles Schwab, the founder and chairman of Charles Schwab.
Billionaire Charles Schwab lost nearly $3 billion after shares of the brokerage he founded were hammered amid the banking crisis.

REUTERS/Jim Young

Elizabeth Warren says the millions in bonuses Silicon Valley Bank executives took home last year should be recovered by regulators: 'We should claw all that back'

Tech Insider
Elizabeth Warren
The report found that banks are not repaying the vast majority of cases where customers were tricked into making fraudulent transactions over Zelle.

Charles Krupa/Associated Press

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