Crypto lender BlockFi files for Chapter 11 bankruptcy amid FTX fallout

Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection. The move comes just over two weeks after BlockFi suspended all platform activity, including withdrawals, in the wake of crypto exchange FTX’s implosion. “Given the lack of cl…

UK aims to ban non-consensual deepfake porn in Online Safety Bill

The UK government will amend its Online Safety Bill with measures designed to prohibit abuse of intimate images, whether or not they’re real. If the bill becomes law as is, it will be illegal to share deepfake porn without the subject’s consent. This w…

How Theranos founder Elizabeth Holmes was sentenced to 11 years in prison

More than seven years after the first Wall Street Journal story about problems with Theranos’ blood tests, its founder, Elizabeth Holmes, was sentenced to over a decade in prison for defrauding the company’s investors. She had been found guilty on four…

Epic lawsuit claims Google paid Activision Blizzard $360 million to prevent Play Store rival

Google paid Activision Blizzard approximately $360 million to prevent the troubled publisher from allegedly competing directly against the Play Store. The deal was one among at least 24 agreements the search giant signed as part of its Project Hug init…

Elizabeth Holmes sentenced to 11 years in prison on fraud charges

Elizabeth Holmes, the former CEO and founder of Theranos, has been sentenced to just over 11 years in prison for defrauding the investors of her blood testing startup. The sentence comes almost a year after Holmes was found guilty on four counts of fra…

Google will pay $392 million to 40 states in largest-ever US consumer privacy settlement

Google has agreed to pay $391.5 million to settle charges brought forth by 40 attorneys general. They accused the company of misleading users into believing they had turned off location tracking in their settings, but Google continued to collect inform…

Feds charge former MoviePass execs with securities and wire fraud

The former executives in charge of MoviePass have been indicted in what the Justice Department calls “a scheme to defraud investors.” Ex-MoviePass CEO J. Mitchell Lowe and Theodore Farnsworth, who used to be the chairman of the service’s former parent …