Elizabeth Lopatto

Binance.US’s executives were concerned by the outflows because the transfers were taking place without their knowledge, according to messages reviewed by Reuters. The CEO of Binance.US at the time, Catherine Coley, wrote to a Binance finance executive in late 2020 asking for an explanation for the transfers, calling them “unexpected” and saying “no one mentioned them.”

Reading the cable from the US, Bankman-Fried realized who CC-1 was: Gary Wang.

(1) no mission, (2) no urgency, (3) delusions of exceptionalism, (4) mismanagement.

The idea, said Peter Menzies, a former official at the Canadian Radio-television and Telecommunications Commission, is to promote Canadian artists, tell Canadian stories and “defend Canada from being completely swamped by American programming.”

The post-lockdown adjustment is also intensifying scrutiny of Amazon’s expansion into new business areas, especially artificial intelligence where an unprecedented land grab for the breakthrough technology is rapidly getting under way.

The stablecoin has never publicly disclosed its relationships with Capital Union, Ansbacher or Cantor Fitzgerald. The full breakdown of Tether reserves and their distribution to banking partners remains unknown.