Elon Musk has recently taken drastic steps to cut costs and gear up for possible legal battles at Twitter, according to a report from The New York Times.
Bankman-Fried was arrested Monday evening by Bahamas law enforcement acting on a request from the United States Attorney for the Southern District of New York.
The Commodity Futures Trading Commission alleged that FTX commingled customer funds and that ex-CEO Sam Bankman-Fried violated the Commodities Exchange Act.
The SEC alleged Sam Bankman-Fried orchestrated a "massive, years-long fraud," diverting billions of dollars of FTX customer funds for "his own personal benefit."
U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange and took a near 4% stake in the U.K. bourse operator.
Tesla boss Elon Musk is facing criticism over his handling of Twitter since buying that social media platform. His tweets have angered Democrats, LGBTQ activists and others.
Twitter relaunched its updated Twitter Blue subscription service Monday after the company's new owner Elon Musk pulled and delayed the launch in November.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.