💰 SBF charged with fraudulent campaign donationsUsed $100M in stolen FTX funds for political donations
Hey Waivly Crew! 🌊 Sam Bankman-Fried has been charged with using FTX customer funds to make over $100 million in political donations. Celsius Network can now seek creditor approval for its bankruptcy plan. 🎉 Get 50% Off Waivly+ By Joining Today | Offer Ends August 31st 🎉 Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to exclusive Web3, AI, and tech content, insights, news, a members-only weekly newsletter edition, and more, all blended into one super low-cost and quick to join membership 🙌 Click here to get onboard and to become a Waivly+ Crew member! Introducing The New Waivly Learn Platform
Today, we are really excited to announce and to share with you all the brand new Waivly Learn platform 🎉 Learn is the place to fuel your mind with all you need to know about Web3, AI, tech, business, development, and more in the form of easy-to-read and to-the-point lessons that you can go through at your own pace. On Learn you can explore lessons by difficulty so no matter if you’re a beginner, an amateur, or an expert and want to learn even more, there’s lessons for you and your level of knowledge thanks to our layered learning approach. This serves as a great way to take on new topics with starting off with easier lessons and advancing to harder ones. Waivly Learn goes even further than solely lessons and features an exclusive community with like-minded learners, the ability to earn certificates which you can show off both for personal and professional purposes, and dedicated support so if you want additional guidance on a topic, you can simply reach out to us through live chat and get just that. We’ve already empowered over 10,000+ minds through our content and we can not wait to help even more of you thrive on Web3, AI, tech, business, development, and more through Waivly Learn. Are you ready to dive in and to supercharge your mind? Join Learn now by clicking here or by clicking on the button below. We’ll see you over there! Sam Bankman-Fried charged with using customer funds
Federal prosecutors have newly indicted Sam Bankman-Fried, founder of FTX cryptocurrency exchange. The indictment alleges that Bankman-Fried used stolen customer funds to contribute over $100 million to political campaigns before the 2022 U.S. midterm elections. This follows earlier charges of siphoning billions from FTX customers to cover losses at his crypto-focused hedge fund, Alameda Research. ㅤ Bankman-Fried's rapid ascent to a net worth of around $26 billion through cryptocurrency booms enabled him to emerge as a significant donor to Democratic candidates and causes. However, FTX's collapse in November 2022, triggered by concerns over the mingling of FTX and Alameda funds, inflicted severe financial and reputational setbacks. The updated indictment alleges that Bankman-Fried leveraged his influence to advocate for regulatory changes conducive to FTX's growth. As the trial date nears on October 2, Bankman-Fried's legal woes intensified with a judge's order for his imprisonment due to potential witness tampering. Anthropic raises $100M from South Korea’s SK Telecom
Artificial intelligence startup Anthropic has secured $100 million in funding from SK Telecom, one of the largest mobile carriers in South Korea. According to a press release, the investment comes alongside a partnership between the two companies to develop a multilingual large language model (LLM) for the Telco AI platform. The forthcoming LLM will be available in Korean, English, German, Japanese, Arabic, and Spanish, and allow for the creation of customized AI services for global telecom service providers. “SKT has incredible ambitions to use AI to transform the telco industry,” said Dario Amodei, co-founder and CEO of Anthropic. “We’re excited to combine our AI expertise with SKT’s industry knowledge to build an LLM that is customized for telcos.” Additionally, the companies will work together to “fine tune” Anthropic’s latest model Claude 2, which was released on July 11. The funding news comes three months after Anthropic raised $450 million in its Series C funding round led by Spark Capital. Prior to the latest investment, SKT participated in the Series C round via its venture capital arm, SK Telecom Venture Capital. The Waves🚀 First EU spot Bitcoin ETF hits Euronext Amsterdam exchange 💰 Meme Coin Base DEX RocketSwap hit by $866K Exploit 👀 Donald Trump holds up to $500K in crypto 📜 Crypto custodian Prime Trust files for bankruptcy Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊 Constant Contact: Your AI-Powered Content Partner
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Bankrupt Celsius Network will begin polling account holders on its plan to restart as a new user-owned company, according to Bloomberg. The crypto lender will start sending ballots to account holders after receiving approval on Monday from U.S. Bankruptcy Judge Martin Glenn, who said he would allow Celsius to send ballots to account holders along with voting materials that had "plain language" explanations of the company’s plan to repay its customers. Glenn’s approval is also contingent on the company’s advisers providing additional information about the volatility of the crypto industry, in addition to challenges that its crypto mining operation could face. A Celsius lawyer noted that the company is set to start repaying creditors by the end of this year, according to Bloomberg. Celsius halted withdrawals on June 13, 2022, in the wake of the Terra ecosystem collapse, and filed for bankruptcy a month later. In May, crypto consortium Fahrenheit won the bid to acquire over $2 billion worth of Celsius’ assets and launch a new company. The company, named NewCo, will take over Celsius's institutional loans, private equity, and venture capital investments, as well as $500 million in “liquid cryptocurrency” investments, according to court documents. Waivly Jobs Highlights👩💻 Brand Marketing Manager at Pelican 👩💻 Content Writer at Evmos 👩💻 Community Manager at Tari 👩💻 Web3 Marketing Intern at Gelato Network Share the Waivly newsletter with your friendsThat wraps up today's newsletter, thank you for reading through. Know someone else who would enjoy the Waivly newsletter as much as you do? Let them know about us, send them a link to join, and get great rewards for doing so! The reward per referrals are:
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