Twitter chases Citadel’s founder, Binance in a race of subpoenas
The company is gathering all the possible information on Elon Musk's private claims about its number of fake accounts. As the failed acquisition of social platform Twitter by one of the world's richest men, Elon Musk, turned into a protracted court conflict, both sides are filing subpoenas to gather information ahead of the first hearing. Recent reports claim that Twitter has made an effort to serve subpoenas to Ken Griffin, the founder of hedge fund Citadel, and to major crypto exchange Binance. According to Bloomberg on Aug. 1, the delivery was attempted at both the Citadel office at....
Related News
The United States Securities and Exchange Commission (SEC) has introduced an action against Terraform Labs, the company behind the design of the Terra blockchain, and its co-founder and CEO Do Kwon. The SEC is seeking an order for Kwon to comply with a series of subpoenas he has failed to address. The investigative subpoenas seek Kwon’s testimony and the production of documents from Terraform Labs
SEC Acts Against Terraform Labs and Do Kwon
The United States Securities and Exchange Commission (SEC) has taken the next step in its battle against Terraform Labs, the company....
The New York Department of Financial Services (DFS) has issued subpoenas to a number of bitcoin companies requesting information about the way in which they operate and the consumer safeguards they have in place. A memo issued by the DFS, written by department head Benjamin Lawsky, suggests it wants to work with bitcoin companies to ensure the virtual currency industry can continue to exist as a "legitimate business enterprise". "It is in the common interest of both the public and the virtual currency industry to bring virtual currencies out of the darkness and into the light of day....
On Thursday, the crypto community on social media site X (formerly Twitter) speculated that Binance co-founder and former CEO Changpeng Zhao, commonly known as CZ, had been released from prison a month before the end of his four-month sentence. However, recent reports have revealed a different story. CZ Shifted To Long Beach Facility Contrary to […]
The Binance CEO said the company wired $500 million to take a share of equity as Elon Musk’s Twitter takeover is finally sealed. Binance CEO Changpeng “CZ” Zhao says the company followed through with a $500 million commitment to back Elon Musk’s high-profile Twitter takeover.Musk reportedly sealed the deal on Oct. 27, with a handful of Twitter executives escorted to the door as the new owner of the social media platform cleaned house. Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS— Elon Musk (@elonmusk) October 27, 2022 Binance had indicated that it would co-invest in Twitter in....
Binance also confirmed that it helped finance Elon Musk's acquisition of the platform with $500 million. According to reports on Oct. 28, crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk.The development came hours after Binance’s founder and CEO, Changpeng “CZ” Zhao, confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7....