Corruption Ledger

FTX founder Sam Bankman-Fried began testifying at his fraud trial on Friday, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and hurting customers. The onetime cryptocurrency golden boy lost his businesses and his reputation as a pioneering entrepreneur in an emerging facet of finance when a rush of customers withdrew their money last year, exposing that billions of dollars were missing. Bankman-Fried, 31, acknowledged some of his failures early in his…

NEW DELHI: Residents of Maine had to remain locked inside their homes for the second consecutive night as law enforcement agencies launched an extensive search for Robert Card, the man believed to be responsible for the worst mass shooting in the state’s history which claimed 18 lives at a bowling alley and a bar. According to an AP report, much of Thursday’s efforts centered on a property owned by one of Card’s relatives in rural Bowdoin, where numerous heavily armed…

The US Air Force (USAF) has launched two new detachments at Robins Air Force Base in Georgia to bolster the force’s electronic warfare capability. Detachments from the 350th Spectrum Warfare Wing (SWW) and the 87th Electronic Warfare Squadron (EWS) will be tasked with responding to electronic threats by developing new countermeasures. The launch is part of the standup process for the future 950th Spectrum Warfare Group, which will further assess the USAF’s combat readiness and effectiveness in electronic warfare. Two…

  The US military struck two facilities in eastern Syria used by Iran’s Islamic Revolutionary Guard Corps (IRGC) and affiliated groups, Defense Secretary Lloyd Austin said Thursday. “The precision self-defense strikes are a response to a series of ongoing and mostly unsuccessful attacks against US personnel in Iraq and Syria by Iranian-backed militia groups that began on October 17,” he said in a statement. One US citizen contractor died from a cardiac incident during the attacks, and 21 US military…

Just putting three meals a day on the table was a struggle for millions of people in the U.S. last year. That’s the sobering conclusion of a new report from the U.S. Department of Agriculture, which found hunger in the U.S. rose sharply in 2022. The report found that 44.2 million people lived in households that had difficulty getting enough food to feed everyone in 2022, up from 33.8 million people the year prior. Those families include more than 13…

According to Al Jazeera, their Gaza bureau chief, Wael Al Dahdouh, tragically lost his wife, son, daughter, and grandson in an Israeli airstrike that occurred on Wednesday. The explosion targeted a residence in the Nuseirat refugee camp, located in central Gaza, where the family sought refuge following their displacement. “Members of the family of our colleague Wael Al Dahdouh, including his wife, son, and daughter, were martyred in an Israeli bombing,” Al Jazeera wrote in an on-air message. Al Jazeera…

Editor’s note: This is a developing story and will be updated as additional information becomes available. Law enforcement officials have issued an arrest warrant for a 40-year-old Bowdoin, Maine man who is also a currently serving Army reservist, charged in the multi-location mass shooting Wednesday in Lewiston, Maine that left 18 people dead. Sgt. 1st Class Robert R. Card II is a petroleum supply specialist in the Army Reserve who enlisted in December 2002, according to Army spokesman Bryce Dubee,…

FTX founder Sam Bankman-Fried plans to testify at his fraud trial, his lawyer told a federal judge Wednesday, ending speculation over whether a man who embraced the spotlight during his years atop the cryptocurrency world could remain silent after prosecutors portrayed him as a greedy entrepreneur who stole billions of dollars from customers. Attorney Mark Cohen told Judge Lewis A. Kaplan that he planned to call three witnesses “and then our client is also going to be testifying” after prosecutors…

Following several drone strikes on bases housing U.S. troops in Iraq and Syria since Oct. 16, the Pentagon has been able to confirm the attacks injured 21 American service members. The “minor” injuries occurred following separate strikes on al-Tanf garrison in Syria and al-Asad air base in Iraq on Oct. 17 and 18, Air Force Brig. Gen. Pat Ryder, a Pentagon spokesman, said in a statement Wednesday, adding that everyone has since returned to duty. “It is important to note,…

Palestinian resistance groups expect Israel to flood Hamas tunnels with nerve gas and chemical weapons under the surveillance of US Delta Force commandos as part of a surprise attack on the Gaza Strip, a senior Arab source familiar with the groups told Middle East Eye.Israel and the US hope to achieve the element of surprise in order to penetrate Hamas tunnels, rescue an estimated 220 hostages, and kill thousands of soldiers belonging to Hamas’s al-Qassam Brigades, the source said in…

Facebook and Instagram are trying to educate users on copyright infringement by showing a ‘popup’ to those who search for potentially problematic terms such as IPTV. This is one of the many voluntary anti-piracy tools the Meta-owned social media platforms have implemented, in an effort to help combat online copyright infringement. Similar to any other online platforms that deal with user-generated content, Instagram and Facebook process thousands of copyright complaints daily. Simply responding to takedown notices isn’t sufficient for all…

At least 24 journalists are among the more than 6,000 people who have been killed in the ongoing war between Israel and Hamas, according to the latest tally released Wednesday by the Committee to Protect Journalists. In addition to the steep toll the fighting has meant for civilians in the region, the conflict in Gaza has resulted in the deadliest stretch for journalists in Israel and the occupied territories since the committee began tracking journalist deaths in 1992, the organization’s…

WASHINGTON (AP) — The Pentagon has sent military advisers, including a Marine Corps general versed in urban warfare, to Israel to aid in its war planning and is speeding multiple sophisticated air defense systems to the Middle East days ahead of an anticipated ground assault into Gaza. One of the officers leading the assistance is Marine Corps Lt. Gen. James Glynn, who previously helped lead special operations forces against the Islamic State and served in Fallujah, Iraq, during some of…

There is a sharp sell-off in the bond market, and it has big implications on both the economy and people’s pocketbooks. Yields on U.S. government bonds, especially the 10-year Treasury note, determine the interest rates that people pay on a lot of their debt, including mortgages and credit cards. And a key bond yield hasn’t been this high since 2007. Several factors are driving the sell-off, including stronger-than-expected economic data and the government’s worsening finances. Here is what you need…

U.S. President Joe Biden declared it is “vital for America’s national security” for Israel and Ukraine to succeed in their wars, making the case Thursday night for deepening U.S. involvement in two unpredictable foreign conflicts as he prepared to ask for billions of dollars in military assistance for both countries. If international aggression is allowed to continue, Biden said in a rare Oval Office address, “conflict and chaos could spread in other parts of the world.” “Hamas and Putin represent…

Canada’s foreign minister said Thursday that 41 of the country’s diplomats have been removed from India after the Indian government said it would revoke their diplomatic immunity. The moves comes after Canadian accusations that India may have been involved in the killing of a Sikh separatist leader in suburban Vancouver. The Associated Press previously reported that India had told Canada to remove 41 of its 62 diplomats in the country. Foreign Minister Melanie Joly said Thursday that 41 diplomats and…