Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator.
While it is known that FTX moved customer funds to Sam Bankman-Fried's Alameda trading desk, the missing funds are reported here for the first time. The financial hole was revealed in records that 'SBF' shared with other senior executives a week ago.
Apollo Global Management Inc and Sixth Street, which were looking to provide financing to Elon Musk earlier this year for his proposed buyout of Twitter Inc , are no longer in talks with the billionaire entrepreneur, according to two sources familiar with the matter.