Tech
FTX’s Sam Bankman-Fried Found Guilty, Faces up to 110 Years in Prison
Sam Bankman-Fried, the infamous founder of cryptocurrency exchange FTX, has been found guilty by a jury on seven counts of fraud and conspiracy. The guilty verdict represents all of the counts Bankman-Fried was charged with when he was arrested in December 2022.He was charged with committing wire fraud on FTX customers, wire fraud on lenders to Alameda Research, conspiracy to commit wire fraud for both FTX and Alameda Research, conspiracy to commit securities and commodities fraud on FTX customers and conspiracy to commit money laundering.FTX has filed for bankruptcy prior after alleging it was hacked and $600 million USD of funds were stolen. The funds had actually been moved to its sister company, Alameda Research.Both Bankman-Fried’s former girlfriend Caroline Ellison and three FTX advi...
FTX’s Sam Bankman-Fried Found Guilty, Faces up to 110 Years in Prison
Sam Bankman-Fried, the infamous founder of cryptocurrency exchange FTX, has been found guilty by a jury on seven counts of fraud and conspiracy. The guilty verdict represents all of the counts Bankman-Fried was charged with when he was arrested in December 2022.He was charged with committing wire fraud on FTX customers, wire fraud on lenders to Alameda Research, conspiracy to commit wire fraud for both FTX and Alameda Research, conspiracy to commit securities and commodities fraud on FTX customers and conspiracy to commit money laundering.FTX has filed for bankruptcy prior after alleging it was hacked and $600 million USD of funds were stolen. The funds had actually been moved to its sister company, Alameda Research.Both Bankman-Fried’s former girlfriend Caroline Ellison and three FTX advi...
BlizzCon 2023: all the latest news and trailers
After a few years of canceled or online-only events, Blizzard’s annual convention is returning to an in-person format. BlizzCon 2023 will once again take place at the Anaheim Convention Center and will span November 3rd and 4th. In terms of announcements, most of the news will likely come out of the opening ceremony, which will be live on November 3rd at 2PM ET. You can expect the usual updates for Blizzard’s big, ongoing games — think Diablo IV, Overwatch 2, Hearthstone, and World of Warcraft — but there’s also a chance we’ll hear about something brand new, like the studio’s mysterious survival game. Also, there will be a K-pop concert featuring Le Sserafim. The whole event will be livestreamed on both YouTube and Twitch, but you can also keep up with the latest developments right here as...
The Verge’s 2023 PC gift guide
Gift Guide The best tech gifts for those who spend way too much time sitting at a laptop or desktop PC — whether for work or leisure. By Antonio G. Di Benedetto, a writer covering tech deals and The Verge’s Deals newsletter, buying guides, and gift guides. Previously, he spent 15 years in the photography industry. Even though smartphones are the main computers in most of our lives, there’s no beating a proper PC when it comes to productivity, gaming, and content creation. Fortunately, if someone in your life is the type to sit at a desktop or laptop for hours on end, we’ve collected some great recommendations for fun, helpful gifts you can get that person this holiday season. Our gift ideas range from a sleek monitor light that can help with eye strain ($69.99) to arguably the best PC game...
Apple Sees Declining Revenues Despite Record iPhone Sales
Apple recently posted its latest fiscal Q4 2023 earnings report which saw the company hit a quarterly revenue of $89.5 billion USD. Despite reaching an iPhone sales revenue high, setting a September quarter record along with a service revenue number hitting an all-time high, the company's revenue was still down 1% year over year. Apple also saw a quarterly earnings per diluted share of $1.46 USD, up 13% year over year.Amidst the hardware slump, the company also released a statement from CEO Tim Cook in tandem with the financial reports, "Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services. We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carb...
Sam Bankman-Fried gambled on a trial and his parents lost
Over five weeks, the FTX founder’s parents watched from the galleys — deluded, humiliated, and finally defeated. By Elizabeth Lopatto, a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously, she was a reporter at Bloomberg. Share this story The jury took a little over four hours to reach a verdict. When Joseph Bankman and Barbara Fried, the defendant’s parents, came into the courtroom, they looked frightened. Bankman put his arm around Fried as they sat down on the wooden benches. Fried put her head in her hands. Sam Bankman-Fried stood to hear the jury’s verdict. After the first “guilty” was read aloud — for wire fraud — his father doubled over. His mother’s hands rose to cover much of her face, either to stifle tears o...
Sam Bankman-Fried found guilty of fraud
/ A jury was unconvinced by the ex-FTX CEO’s claims he didn’t know about billions in missing customer funds. a:hover]:text-gray-63 [&>a:hover]:shadow-underline-black dark:[&>a:hover]:text-gray-bd dark:[&>a:hover]:shadow-underline-gray [&>a]:shadow-underline-gray-63 dark:[&>a]:text-gray-bd dark:[&>a]:shadow-underline-gray”>Photo Illustration by Cath Virginia / The Verge Former cryptocurrency kingpin Sam Bankman-Fried has been found guilty of fraud. A New York jury delivered the verdict on November 2nd, concluding a trial that has seen Bankman-Fried defend himself against claims that he criminally mismanaged his crypto exchange FTX and trading firm Alameda Research. After more than a month in trial, the jury took less than four hours to decide Bankman-Fried’s fa...
Microsoft employees aren’t happy that they’re losing free Xbox Game Pass Ultimate
/ Xbox employees will still get Game Pass, but the vast majority of Microsoft’s employees will now have to pay for it. a:hover]:text-gray-63 [&>a:hover]:shadow-underline-black dark:[&>a:hover]:text-gray-bd dark:[&>a:hover]:shadow-underline-gray [&>a]:shadow-underline-gray-63 dark:[&>a]:text-gray-bd dark:[&>a]:shadow-underline-gray”>Illustration by Alex Castro / The Verge Microsoft is removing the free Xbox Game Pass Ultimate benefit for most of its 238,000 employees and some aren’t happy about it. Sources familiar with Microsoft’s plans tell The Verge that the company started informing employees this week that in January 2024 the free Xbox Game Pass Ultimate benefit for permanent Microsoft employees will no longer be available. I understand that Xbox employees...
100 Thieves is laying off 20 percent of its staff as it focuses on ‘core’ of esports and apparel
/ The company is spinning out its game development studio and its energy drink. a]:text-gray-13″>If you buy something from a Verge link, Vox Media may earn a commission. See our ethics statement.
Biden-Harris Administration Launches AI Safety Institute
The Biden-Harris administration has announced it’ll be establishing the US AI Safety Institute (USAISI) under the Department of Commerce. The USAISI will be responsible for regulating the government’s use of AI technology.The implementation of the USAISI follows an executive order that President Biden signed detailing safe AI practices for federal agencies. The Institute will dedicate itself to developing standards for safety, development and testing of new AI.It’ll also create a set of standards that can be used to authenticate AI content and differentiate it from the real deal. Additionally, it will provide testing mechanisms for researchers dedicated to AI issues.The administration says it’s working with people throughout “academia, industry, government, and civil society to advance AI ...
HTC Is Sending VR Headsets to Astronauts Aboard the ISS
HTC has devised a new way to keep astronauts entertained while up in space. The former smartphone manufacturer, which has since pivoted to VR headsets, will be sending three of its HTC Vive Focus 3 headsets to the International Space Station.The project is being carried out in partnership with an engineering firm, Nord Space, and XR Health as part of a larger effort to improve astronauts’ mental health, who often feel lonely when in space for weeks or months at a time.The headsets come pre-loaded with software designed to improve mental health, so the astronauts may not be using the headsets to game."Astronauts are essentially isolated during their missions for months and years at a time and are confined to small spaces with limited contact with friends and family," Chief Technology Office...
The second season of The Last of Us might be a long ways away
/ The show may not come out until as early as 2025. a:hover]:text-gray-63 [&>a:hover]:shadow-underline-black dark:[&>a:hover]:text-gray-bd dark:[&>a:hover]:shadow-underline-gray [&>a]:shadow-underline-gray-63 dark:[&>a]:text-gray-bd dark:[&>a]:shadow-underline-gray”>Image: HBO We might be waiting a while for more of HBO’s The Last of Us. HBO announced in January that a second season of the excellent adaptation was in the works, and on Thursday, HBO and Max content chief Casey Bloys said that the season will enter production in early 2024, according to Variety. Bloys said that production was delayed because of the WGA and SAG-AFTRA strikes (the latter of which is still going on). The show also wasn’t on HBO’s slate for 2024, Variety says, meaning it might not c...
