Wednesday, March 1, 2023

FTX's Nishad Singh pleads guilty as pressure mounts on Sam Bankman-Fried

"I am unbelievably sorry for my role in all of this," Singh said, adding that he knew by mid-2022 that Bankman-Fried's hedge fund, Alameda Research, was borrowing FTX customer funds, and customers were not aware. Singh said that he would forfeit proceeds from the scheme.

from Tech-Economic Times https://ift.tt/hHXcBPk
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...