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large amounts of customer money, the exchanges founder and CEO, Sam Bankman-Fried also known by his initials SBF ignominiously stepped down last Friday, and the company filed for bankruptcy. Now, as聽the dust settles and the air clears, the adults in the room are trying to pick up the pieces and figure out just how screwed the company and all its investors are. A recent bankruptcy filing, revealed Thursday by the exchanges new CEO, John Ray III, may help with that. While the document provides additional context on whats been happening with the imploding exchange, it also provides some entertainment because, whoo boy, it is totally insane. The filing reveals the inner workings or lack thereof of the exchange, giving a peek into the bizarre financial practices and decision-making that went on under SBFs leadership. For a company that was once considered to be the rising star and potential savior of the crypto industry, FTX apparently ran itself like a ship of drunken sailors, foregoing common and established record-keeping practices and engaging in a slew of shady and ill-advised behavior. Never in my career stanley cup usa have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here, wrote Ray in his filing. This situation is unprecedented. Thats truly saying something, given the fact that Ray presided over the restructuring of Enron, after the financial giant famously caved i gourde stanley n on it stanley cups self from corrupt Fioa How Disney World s New Tron Lightcycle/Run Coaster Uploads Users to the Grid
banning the sale of Samsungs leading flagship phones from 2012. The order, handed down by Judge Lucy Koh of the Northern California District San Jose court, is the end result of a long-running patent dispute. Apple claimed that Samsung was in violation of a handful of patents relating to unlock gestures and word recommendations ; Samsung disagreed, and the two giant legal teams slugged it out in court until the judge finally agreed with Apple. Thanks to the ruling, the following Samsung devices are now banned from sale in the US: Samsung Admire Galaxy Nexus Galaxy Note Galaxy Note II Galaxy S II Galaxy S II Epic 4G Touch Galaxy S II Skyrocket Galaxy S III Samsung Stratosphere In many different ways, the case embodies the failings in the USs current patent system. The original patents were pretty damn vague to begin with a system and method causes a computer to detect and perform actions on structures stanley quencher identified in computer data , and even if the patents were particularly valid, the legal system didnt do a good job of enforcing them: It took three years to block sales of Samsungs devices, by which time thereve been three entirely new generations of smartphones. [The Register] stanley canada Apple vs SamsungLawyerspatents stanley thermobecher Daily N
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