The Daily Populous

Friday March 17th, 2023 night edition

image for Sam Bankman-Fried transferred $2.2bn in FTX customer funds for personal use, filings show

Collapsed cryptocurrency exchange FTX made transfers of about $3.2 billion to its founder Sam Bankman-Fried and key employees, according to court filings seen by Bloomberg and the Financial Times.

FTX collapsed last November after a wave of withdrawals and consequently declared bankruptcy on November 11, wiping out Mr Bankman-Fried’s fortune.

Expand Autoplay Former FTX chief executive Sam Bankman-Fried arrives on the day of his hearing at Manhattan federal court in New York.

The administrators of FTX identified other transfers as part of the overall $3.2 billion.

Three FTX insiders who have pleaded guilty and are co-operating with prosecutors — Nishad Singh, Gary Wang and Caroline Ellison — were transferred about $839 million in total, according to FTX.

Two other former FTX executives, Ryan Salame and John Trabucco, were said to have together received more than $100 million.

The pair borrowed the money from Alameda Research and purchased the shares in four tranches through a holding company in Antigua. »

Border Patrol Says The Object Marjorie Taylor Greene Called ‘Explosive’ Was Ball Of Sand

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Rep. Marjorie Taylor Greene (R-Ga.) was fact-checked by the chief of the U.S. Border Patrol after she claimed agents had found an “explosive” near the southern border in January.

Greene highlighted her claim about this so-called threat in a question to Border Patrol Chief Raul Ortiz during a Wednesday Homeland Security Committee hearing in Texas.

Unfortunately, several Border Patrol agents are saying it was some sort of IED and there is video surveillance and pictures of… — Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) March 15, 2023. »

Former Criterion leaders set-up new AAA games studio Fuse Games

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The veterans who left Need for Speed developer Criterion in December last year have reunited to form a new AAA studio: Fuse Games.

When the news broke that Webster and his fellow co-founders were leaving Criterion last year, it came as a surprise to me.

The five founders of Fuse Games all left Criterion after the release of Need for Speed Unbound. »

Florida Republican's Bill Would Ban Young Girls From Discussing Their Periods In School

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A Florida Republican seeking to restrict sex education for students confirmed in a committee hearing on Wednesday that his bill would also ban young girls from discussing their menstrual cycles with school officials.

During a Wednesday House Education Quality Subcommittee, Rep. Ashley Viola Gantt (D) asked McClain if this bill would prohibit girls younger than 6th grade from discussing their periods in school.

Watch Florida State Rep. @StanMcClain tell Rep. @Gantt4Florida that his bill prohibits young people from talking about their period…. »

Honduras will seek ties with China, spurning Taiwan

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Castro announced on Tuesday, March 14, 2023, that Honduras under her administration is opening diplomatic relations with the People´s Republic of China.

TEGUCIGALPA, Honduras (AP) — Honduras President Xiomara Castro announced Tuesday that her government will seek to establish diplomatic relations with China, which would imply severing relations with Taiwan. »