People who participated in Gemini’s lending program, which suspended withdrawals in the wake of the FTX collapse, will get “approximately 97 percent” of their money. Perhaps predictably, the Earn program also had some legal issues.
FTX lieutenant Ryan Salame, sentenced to 7.5 years in jail earlier today, has logged on to yell at people online. That’s some real poster game, folks. You might not like it, but this is what peak performance looks like. (via Molly White)
Ryan Salame, a top lieutenant at FTX, got over seven years in prison. He’s the second FTX official sentenced, after SBF himself, and did not cooperate with the government — unlike several other members of the inner circle.
Sure, OpenAI may be facing legal troubles for its ChatGPT voice. But it kind of looks like the company has already lost in the court of public opinion...
There are relatively few undersea internet connections to Africa, says Bloomberg. The cable will start in Kenya, going south over land through several other countries before dropping undersea to connect to Australia.
Building and maintaining the undersea internet is more difficult than you’d think.
Inside the trip so turbulent that one person died (probably from cardiac arrest), The injuries were severe:
At one of the hospitals where many of the victims were taken, six were found to have skull and brain injuries, and 22 suffered injuries of the spine or spinal cord. Some patients have shown signs of paralysis, though it isn’t yet known if the damage is permanent.
“It is time to break up Live Nation-Ticketmaster,” said US Attorney General Merrick Garland, in a statement announcing the DOJ antitrust lawsuit.
The announcement could come as soon as Thursday. Live Nation, which owns Ticketmaster, calls itself “the largest producer of live music concerts in the world.” It’s one of many agents of consolidation that drastically reshaped music.
[The Washington Post]
