funds

In June, on the final day of CSX—demo day—the founders were set to deliver a short pitch to a room full of investors. As the setting, a16z had chosen a flashy basement venue on the edge of Soho, normally for live music and clubbing. A…

After major investor Volvo decided to decrease its stake and cut funding for Polestar early this year, the EV company went in search of $1.3 billion of new funding. It raised a $950 million lifeline three-year loan from a banking syndicate…

She refused to give up her password, and was, according to the prosecutors' description, so demoralized by the earlier hacking theft of the majority of her funds that she told the men to simply shoot her. Instead, they stole her engagement…

In 2021, AI research lab DeepMind announced the development of its first digital biology neural network, AlphaFold. The model was capable of accurately predicting the 3D structure of proteins, which determines the functions that these…

The objective of the defense, says Zachary Terwilliger, a former US prosecutor and partner at the law firm Vinson & Elkins, was to humanize Lynch. “As a defense attorney, you want to make your client relatable to the jury, even if they…

A panel of judges in the Netherlands has found Alexey Pertsev, one of the developers behind crypto anonymizing tool Tornado Cash, guilty of money laundering.Over the course of two days in March, the Russian national was tried on the…

Some creditors of the bankrupt crypto exchange FTX are preparing to reject a plan that would see them recover 118 percent of the money they lost. The proposal is far less generous than it might seem, they claim.Starting in January, the FTX…

US senators Elizabeth Warren and Bill Cassidy have called for the Department of Justice and Department of Homeland Security to redouble efforts to stop the use of cryptocurrency to pay for child sexual abuse material (CSAM) online, a…

Nancy Chockley’s $12 million home sits next to a ski slope in Vail, Colorado. It has a chef’s kitchen with sleek appliances, a family room with a modern fireplace, a balcony with mountain views, and four bedrooms that sleep up to 12 guests.…

As a test of their resulting AI tool, the researchers checked its outputs with one cryptocurrency exchange—which the paper doesn't name—identifying 52 suspicious chains of transactions that had all ultimately flowed into that exchange. The…