FTX founder Sam Bankman-Fried denies stealing person funds and repeats claims of solvency in new write-up

Critical Details

FTX co-founder Sam Bankman-Fried denied federal allegations that he misappropriated $8 billion in purchaser belongings, months ahead of his federal demo on fraud, money laundering and campaign finance fees.
Bankman-Fried recurring a number of statements that personal bankruptcy officers and federal regulators have denied or contradicted, together with that FTX US stays solvent and that the collapse of his hedge fund Alameda Exploration was owing to broader sector turbulence.
The 30-calendar year-old’s New York federal demo will begin in October.

Supply

Finance

Stocks making the biggest moves midday: Eli Lilly, Hasbro, Philip Morris, Intel, Micron & more

April 1, 2026

Check out the companies making the biggest moves in midday trading: Eli Lilly — The Food and Drug Administration approved Foundayo , the company’s once-a-day GLP-1 pill to treat obesity. Shares rose about 4% on the news. Hasbro — The toymaker fell more than 4% after it disclosed a cybersecurity incident where there was unauthorized […]

Finance

Visa launches new AI tools to manage the charge dispute process

April 1, 2026

Key Points Visa launched six new artificial intelligence tools to help entities involved in the payments process manage charge disputes, the company told CNBC exclusively. Visa said it processed more than 103 million disputes globally in 2025, marking a 35% increase since 2019. It’s the latest example of major financial institutions introducing AI. Source

Finance

Stocks making the biggest moves premarket: Nike, RH, Sandisk & more

April 1, 2026

Check out the companies making the biggest moves premarket: Nike — The athletic apparel stock slumped 10% after its North American revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded the […]