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Evan Luthra, an app developer, entrepreneur and angel investor, told CNBC he lost $2 million dollars in the collapse of FTX. Jake Thacker, an FTX customer in Portland, Oregon, told CNBC he lost hundreds of thousands of dollars shortly after losing his job in the tech industry. "I was like, oh my goodness, there's all these big name people utilizing FTX," Kannegundla said. Bhagamshi Kannegundla, an FTX customer, told CNBC he sold his bankruptcy claim to reinvest in crypto. Years later, if the FTX bankruptcy process recovers more than the 11 cents on the dollar for his claim, the buyer pockets the difference.

Persons: FTX's, hasn't, Evan Luthra, Luthra, FTX, Bitcoin, everybody's, Sam Bankman, He's, Fatih Aktas, Jake Thacker, Thacker, I'm, CNBC Thacker, Bhagamshi Kannegundla, Larry David, Kannegundla, Bhagamshi, Sunil Kavuri, Kavuri, Brett Harrison, Harrison, he's, Anthony Scaramucci, didn't Organizations: CNBC, Manhattan Federal, Anadolu Agency, Getty, Sequoia, Nurphoto, FTX's, FTX, Financial Technologies, Skybridge Locations: Miami, Manhattan, New York, United States, Portland , Oregon, FTX's, Bahamas, U.S, cryptocurrencies

Shivon Zilis was pictured alongside Elon Musk and their twins for the first time on Wednesday. Insider first reported that Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. AdvertisementAdvertisementGrimes, whose legal name is Claire Boucher, said on X that communication about Zilis' twins "wasn't handled super well." Last week, in a since-deleted post on X Grimes accused Zilis of blocking her on social media. The Neuralink director has also taken to posting about her children in recent months.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Justine, Grimes, He's, he's, Tesla, Justin Sullivan, Ray Kurzweil, I've, Sam Altman, OpenAI's, Jonathan Raa, Neuralink, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis, Claire Boucher, wasn't, Musk's, X Grimes, Tau, ftw Organizations: Service, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, Getty, Food and Drug Administration, California, Twitter, SpaceX Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

☆ SEC to increase scrutiny of Crypto trading firms and ESG funds in 2023
▼ + stars: | 2023-02-08 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The Securities and Exchange Commission will increase its scrutiny of crypto trading firms and investment advisers as well as Environmental, Social and Governance — or ESG — funds, among other issues on its list of top oversight priorities this year. This year, the SEC's examinations division will focus its attention on broker-dealers and registered investment advisers that use emerging financial technologies, including crypto. Registered investment advisers to private funds: To assess compliance and other risks as well as if advisers are adhering to their duties as fiduciaries. Retail investors and working families: Ensuring these groups receive advice in their best interests from broker-dealers and registered investment advisers. "In executing against the 2023 priorities, the Division will help ensure compliance with the federal securities laws and rules."

☆ Evercore Promotes U.S. Advisory Executive to CFO Role
▼ + stars: | 2023-01-20 | by ( Mark Maurer | ) www.wsj.com time to read: +2 min

Tim LaLonde, Evercore’s next CFO. Photo: Evercore Inc. As CFO, Mr. LaLonde is set to succeed Celeste Mellet, who plans to leave the firm in early February, Evercore said. Fund manager Global Infrastructure Partners said it hired Ms. Mellet as a partner and CFO. Ms. Mellet has been Evercore’s CFO since 2021. PREVIEW Evercore underwent a major leadership shift in 2021, when it named Mr. Weinberg as its sole chief executive.

☆ While Muddy Waters bets against dLocal, here are the other fintech stocks that short sellers are eyeing
▼ + stars: | 2022-11-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

While hedge fund Muddy Waters revealed a bet against payment processor dLocal , other short sellers appear to be eyeing several fintech companies. S3 Partners examined 66 stocks in the FINX fintech ETF for CNBC Pro and found $15.25 billion betting against the basket of stocks in total. Others might see structural headwinds for a company before it is fully reflected in the share price. Coinbase had a total of 27.53 million shares – or 18% of free-floating shares – betting against the share price. The fintech company, led by Twitter's co-founder Jack Dorsey, has seen its shares decline by 56.94% over this year.

loadingIn a follow-up tweet, FTX said subsidiaries LedgerX LLC, FTX Digital Markets, FTX Australia Pte Ltd, FTX Capital Markets, Embed Financial Technologies and Embed Clearing were not included in the Chapter 11 filings. People familiar with the matter told Reuters at least $1 billion of customer funds have vanished from FTX. The nine days of turmoil hit already-struggling cryptocurrency markets, sending bitcoin to two-year lows . Its CEO Brian Armstrong told CNBC crypto markets need regulation to avoid more washouts like FTX. This is the primary way financial markets could suffer, as it may have further minor implications for portfolio shocks in a volatile macro regime."

☆ Index Ventures picks Israeli partner to boost high tech investment
▼ + stars: | 2022-11-10 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

TEL AVIV, Nov 10 (Reuters) - Index Ventures has appointed a local partner to help significantly boost its already sizeable investments in Israel's technology sector, officials from the U.S. and European venture capital firm said. Index, which mainly invests in seed and so-called Series A funding rounds has named Juriaan Duizendstraal as a Partner based in Tel Aviv. In the past 26 years, Index has invested $350 million in 27 Israeli companies and firms with an Israeli founder but has not had a local presence. Among the Israeli companies Index has invested in are Wiz, Slack, Figma, Datadog, Discord, Robinhood, Adyen, Elastic, Plaid, Roblox and Scale. Those conversations are difficult if you are in New York or London," said Carlos Gonzalez-Cadenas, another Index partner based in London.

☆ The Future of Money
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Future of MoneyThe world of money is on the verge of a massive disruption, according to one economist and author of "The Future of Money." We'll discuss what the future looks like, and how digital currencies and other financial technologies will shape how we spend, save, and invest.

Shivon Zilis was pictured for the first time alongside Elon Musk and their twins on Wednesday. Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. She has a high-level role at NeuralinkIn 2017, Zilis joined Neuralink, the futuristic brain microchip company also co-founded by Musk. Tesla's new Gigafactory is located near Austin, and court documents obtained by Insider show list Musk and Zilis as residents of that address. Zilis and Musk's twins were born in November, a few weeks before Musk and the musician Grimes had their second child via surrogate.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Twitter —, Justine, Grimes, he's, Ray Kurzweil, I've, Sam Altman, Neuralink, Tesla, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis Organizations: Elon, Service, SpaceX, Twitter, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, California Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

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