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Prosecutors in the criminal trial against FTX founder Sam Bankman-Fried compared one of the defense's arguments to a scene in the 1994 film "Dumb and Dumber," in which actor Jim Carrey says IOUs are "as good as money." Funds also allegedly went to paying for things such as a $35 million property in the Bahamas and political donations. Customers were ultimately unable to retrieve much of their money as FTX and Alameda were simultaneously imploding. In a footnote, the prosecution writes, "A popular movie from the 1990s illustrates the point: a briefcase, once filled with money, is not the same as a briefcase later filled with IOUs." In "Dumb and Dumber," when the briefcase reaches its owner, it's filled with paper.

Persons: Sam Bankman, Jim Carrey, IOUs, Judge Lewis Kaplan, who's, Carrey, Jeff Daniels, transact, Lloyd Christmas Organizations: Prosecutors, FTX, Manhattan, Southern, of, York, Alameda Research Locations: Manhattan, New York City, Colorado, Bahamas, Alameda

☆ Billionaires are driving South Florida home prices to new records
▼ + stars: | 2023-10-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property. The average price per square foot of homes sold in Palm Beach reached $4,554, more than 2.5 times more expensive than Manhattan. "The prices are mind-blowing," said Chris Leavitt, a top Palm Beach broker with Douglas Elliman. Miami Beach has also seen a spike in prices from wealthy buyers — especially billionaires. "Both Palm Beach and Miami Beach are disconnected from the interest rate trend."

Persons: Douglas Elliman, Miller Samuel, Chris Leavitt, Jonathan Miller, Leavitt, James Tigani, Harvey Jones, Tommy Hilfiger, Michael Cantanucci, Corcoran, Eric Schmidt, Ken Griffin, Alex Rodriguez, Griffin, Jeff Bezos, Tom Brady Organizations: Palm, Tech, Brokers, National Football League, CNBC Locations: Palm Beach, Miami Beach, Manhattan, New York , New Jersey, California, Florida, Miami

☆ Donald in Wonderland: lawyers for New York and Trump trade 'looking glass' jabs ahead of business-fraud trial
▼ + stars: | 2023-09-22 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Lawyers for New York's attorney general and Donald Trump sparred in a Manhattan courtroom Friday. AdvertisementAdvertisement"The defendants have clearly stepped through the looking glass," Amer told the judge, New York Supreme Court Justice Arthur Engoron. AdvertisementAdvertisement"We're through the looking glass here, too," Kise, who Trump has paid a $3 million retainer, promised the judge. AdvertisementAdvertisementNew York AG Leticia James' lawsuit against Trump will go to trial in October. AdvertisementAdvertisementShe's also asking the judge to ban Trump and Trump Org for five years from buying real estate in the state.

Persons: Donald Trump sparred, Trump, Donald Trump, Letitia James, Andrew Amer, Amer, Arthur Engoron, James, –, Christopher Kise, Trump's, Kise, general's, I'm, AG Leticia James, YUKI IWAMURA, Mario Tama, He'll, he'll, She's Organizations: New, Service, AG, Trump, Getty, Trump Organization, Trump Org Locations: Manhattan, Wall, Silicon, New York, AFP, Springs, Trump

☆ New ‘Meet the Press’ moderator Kristen Welker fails to meet the moment as Trump unleashes flurry of lies in debut interview
▼ + stars: | 2023-09-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

CNN —The Kristen Welker era of “Meet the Press” is off to a bleak start. Unfortunately, Welker failed spectacularly to meet the moment during her interview with Trump. Welker allowed Trump to make a number of statements wholly untethered to reality on a range of critical issues without tenacious, resolute, or meaningful pushback. It’s arguable that, at this juncture, there is really no need to interview Trump. If it is necessary to interview Trump, newsrooms need to approach the task differently than they would any other interview.

Persons: Kristen Welker, Donald Trump, Welker, hyping Welker, “, Trump, timidly, Peter Baker, ” Trump, “ Mr, ”, —, dishonestly, Trump’s, doesn’t bode Organizations: CNN, “, Press, . Television, NBC News, House, Trump, New York Times, White, NBC, Republicans, Republican Party, Republican Party of Locations: Taiwan

☆ Trump's Top 5 defenses in his massive NY financial fraud case, in his own words
▼ + stars: | 2023-09-03 | by ( Laura Italiano | ) www.businessinsider.com time to read: +17 min

AdvertisementAdvertisementHere are Trump's top five business fraud defenses – in his own words – as revealed in a recently-unsealed deposition transcript. New York attorney general's officeTrying to pass the blame won't work, two attorneys who used to work for previous New York attorneys general told Insider. And you're suing them instead of going after violent criminals," he scolded the attorney general and her lawyers. Then there's the $250 million Trump allegedly pocketed by lying about the size of his collateral. 3: his math is "worthless"At the center of the attorney general's case are a decade's worth of Trump's Statements of Financial Condition.

Persons: Trump, Donald Trump, Letitia James, James, Andrew S, Amer, Kevin C, Wallace, Brittainy Newman, Eric, I've, Mazars, We're, I'm, general's, Kenneth Foard McCallion, Tristan Snell, –, Susan Watts, they'd, Snell, McCallion, Donald Trump's, Laura Italiano, Kathy Willens, Jennifer S, Altman, Carlo Allegri, John Minchillo, Drew Angerer, George Washington, Jack Nicklaus, Tom Watson, He's Organizations: Trump Org, Service, York, New York State, New York, AP Trump, Trump Organization, New, Trump University, Trump, Deutsche Bank, NY Daily, Getty, Associated Press Deutsche Bank, McCallion, Associates, Washington, MSNBC, Reuters, U.S, Marriott Marquis Locations: NY, Wall, Silicon, Manhattan, New York, Trump's, Trump Tower, Manhattan , NY, . New York, Trump, New York City, Springs, Westchester County , New York, Mount Kisco, N.Y, Washington ,, Miami

☆ Former generals weigh in on how much say the US should have in Ukraine's counteroffensive as Kyiv's frustration with critics boils over
▼ + stars: | 2023-09-02 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +12 min

Ukraine has blamed a lack of equipment and tough defenses while some in the West have put the blame on Kyiv's forces. "Everyone is now an expert on how we should fight," Ukraine's defense ministry said on social media Thursday. He wrote that the general is "extremely talented," but "he has never before" coordinated the kind of operations Ukraine is executing now. AdvertisementAdvertisementThe US has reiterated that it will continue to support Ukraine's war effort, even as the counteroffensive is expected to potentially last for at least a couple more months and the conflict possibly for years. In a recent conversation with Insider about Ukrainian operations, Hodges said that the Ukrainians "have recognized that they have to adapt, which is what they're doing."

Persons: Dmytro Kuleba, it's, —, Jose Colon, Jack Keane, Keane, Metz, Michael O'Hanlon, George S, O'Hanlon, Hertling, Valery Zaluzhny, Diego Herrera Carcedo, Mick Ryan, Michael Kofman, Franz, Stefan Gady, Ben Hodges, David Petraeus, Mark Milley, Milley, Petraeus, Frederick Kagan, Hodges, Kyiv's, Ryan Organizations: Service, —, PKP, Ukrainian Army, Anadolu Agency, Getty, US Army, Institute for, Street, Patton's Third Army, NATO, intel, Army, Foreign Affairs, US Central Command, CNN, Joint Chiefs, Staff, The Washington Post, American Enterprise Institute, Russia, Nazis Locations: Ukraine, Wall, Silicon, Kyiv, Europe, Chasiv Yar, Russia, Donetsk Oblast, America, Ukrainian, France, Metz, Vietnam, Korea, US Army Europe, Australian, American, Singapore, Japan, United States, Philippines

☆ China's growing aggression will be in focus as U.S. closes ranks with Japan and South Korea
▼ + stars: | 2023-08-18 | by ( Sumathi Bala | ) www.cnbc.com time to read: +6 min

President Joe Biden will unveil the measures with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol at Camp David on Friday, said Kurt Campbell, the White House coordinator for Indo-Pacific affairs. Most countries in the region have "deep, profound economic and political interests," and a "steady and stable relationship" with China, Campbell added. watch nowChina has "warned Tokyo and Seoul against pursuing greater trilateral security cooperation with Washington, but its diplomatic pressure is backfiring," they added. "What President Yoon and Prime Minister Kishida have done has defied expectations. In March, Yoon's government announced a landmark agreement over compensation payments for South Korean victims of Japanese wartime forced labor.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Brendan SMIALOWSKI, BRENDAN SMIALOWSKI, Brendan Smialowski, David, Kurt Campbell, Camp David, Biden, Campbell, Victor Cha, Cha, Wang Wenbin, Beijing Campbell, Rahm Emanuel, Kishida, Yoon, we've, Yoon's Organizations: Japan's, South, Getty, Afp, Biden, Japanese, Center for Strategic, International Studies, Washington, White, CSIS Locations: Hiroshima, AFP, Japan, South Korea, Camp, Washington, Asia, Korea, Ukraine, Beijing, U.S, China, United States, America, America … China, warily, Eurasia, Tokyo, Seoul, South

☆ The Art of Telling Forbidden Stories in China
▼ + stars: | 2023-08-03 | by ( Han Zhang | ) www.nytimes.com time to read: +5 min

Browsing one of the literature bulletin boards, he came across a serialized novel titled “My Beijing,” published under the pseudonym Drunken Fish. Hao’s depiction of Chengdu’s seedy underbelly became a sensation on forums like Tianya, one of the period’s largest blogging platforms. Once, a colleague recommended the novel to Hao without knowing that he was Murong Xuecun. “From the get-go, he has been completely obsessed with how people are corrupted by the environment in which they live,” says Megan Walsh, author of “The Subplot,” a book about contemporary Chinese literature. Later, at a propaganda meeting, the deputy party secretary of Chengdu criticized Hao’s fiction for damaging the city’s image.

Persons: Hao, ”, Fish, Murong Xuecun, Wei Da, Wei, Megan Walsh, Li Boqing, Li, Ran Yunfei, ” Ran Organizations: Authorities, Writers ’ Association, International New York Times Locations: Beijing, H.R, Shenzhen, Chengdu, China, North Africa, Weibo

☆ Sinead O’Connor Was Ireland’s Alternative Moral Compass
▼ + stars: | 2023-07-27 | by ( Una Mullally | ) www.nytimes.com time to read: +1 min

On March 9, Sinead O’Connor stood onstage at the Vicar Street concert venue in Dublin. O’Connor was at the RTE Choice Music Prize, an evening celebrating the best Irish albums of the past year. Untethered by this life landmark, I felt strangely grounded by her presence: Sinéad is here, all is well in the world. Soaking in the noise of the audience cheering her on, she smiled, almost bashful, before dedicating the award to refugees in Ireland. O’Connor had a tendency to show up at necessary moments.

Persons: Sinead O’Connor, O’Connor, Shane Organizations: Vicar, RTE Locations: Dublin, Ireland

☆ Electric helicopters could replace rideshares. How to invest in this 'evolutionary' technology
▼ + stars: | 2023-07-23 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

"It's more of an evolutionary technology than a revolutionary technology." But Cowen managing director Cai von Rumohr said investors should be prepared for timelines to be pushed back, as this is still considered "early-stage tech." "Given the push for climate and to basically reduce carbon emissions, I think, at some point, there's going to be a market," von Rumohr said. The outlook is still clouded by many variables, von Rumohr said. "It's definitely an important investment opportunity for investors," Moeller said.

Persons: Harry Potter, Austin Moeller, Moeller, Archer, Joby, Cowen, Cai von Rumohr, von Rumohr, Lilium, Von Rumohr, Marco Iachini, Vanda Research's, Bill Peterson, It's Organizations: Archer, Federal Aviation Administration, FAA, Toyota, Stellantis, Air Force, Aerospace, JPMorgan

Growing up, my parents believed money was hard to come by and that nobody likes their job. For instance, I had trouble saying "no" to work, worked myself to the point of exhaustion, and tended to stockpile funds so I would be ready for any lull. It took quite an adjustment for me not to feel obliged to work 40 hours a week, or that I needed to adhere to traditional working hours. I've also expanded how I make money through working on a book that I'll be self-publishing and starting an Etsy store selling stickers and stationery. For instance, some of my top values are increasing my own financial literacy, financial security, and opportunities to be creative and help others.

Persons: I've, Austin L Organizations: Service Locations: Wall, Silicon, Hawaii, Vietnam, workcations

☆ How to survive hot desking
▼ + stars: | 2023-06-26 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Everyone is doing a version of [hot desking],” said Carlos Martinez, co-managing director and principal at Gensler, a global office design and planning firm. That’s the tradeoff.’”Transparency is keyStill, intellectually accepting that such a tradeoff is worth it doesn’t mean employees will embrace hot desking if it becomes harder to get their jobs done. While she wasn’t consulting with them about hot desking per se, she witnessed its failure in the course of her work there. That’s also why employers embarking on the switch to hot desking may want to customize the options to best suit different employees’ needs. Invite employee feedbackSwitching to hot desking should be viewed as a work in progress by everyone.

Persons: —, ”, Carlos Martinez, Sanjay Rishi, Rishi, I’m, ” Rishi, Jessica Kriegel, ” Kriegel, Martinez, That’s, Kriegel, “, JLL’s Rishi Organizations: New, New York CNN, Dynamics, Culture Partners Locations: New York, Gensler, Americas

☆ The Grand Canyon, a Cathedral to Time, Is Losing Its River
▼ + stars: | 2023-06-06 | by ( Raymond Zhong | Elena Shao | ) www.nytimes.com time to read: +19 min

And yet, the Grand Canyon remains yoked to the present in one key respect. The Colorado River, whose wild energy incised the canyon over millions of years, is in crisis. Down beneath the tourist lodges and shops selling keychains and incense, past windswept arroyos and brown valleys speckled with agave, juniper and sagebrush, the rocks of the Grand Canyon seem untethered from time. The Grand Canyon is a planetary spectacle like none other — one that also happens to host a river that 40 million people rely on for water and power. At Mile 0 of the Grand Canyon, the river is running at around 7,000 cubic feet per second, rising toward 9,000 — not the lowest flows on record, but far from the highest.

Persons: windswept, Davis, John Weisheit, ”, “, Mead Hoover, Powell, Daniel Ostrowski, Victor R, Baker, . Baker, Lake Powell, Dr, Ed Keable, wouldn’t, Jack Schmidt, Schmidt, ’, Alma Wilcox, “ There’s, we’ve, Nicholas Pinter Organizations: Rockies, York Times, University of California, Utah Glen, Lake, Mead, Recreation, Hualapai, CALIF, ARIZ . Utah Glen, Lake Mead, Area, Forest Utah, Engineers, University of Arizona, of Reclamation, National Park Service, Center, Colorado River Studies, Utah State University Locations: Colorado, The Colorado, North America, Utah, Powell, Lake Mead, Arizona, . UTAH COLO, N.M, ARIZ . Utah, Mead, NEV . UTAH COLO, Glen, ARIZ, Hopi, Nevada, Lake Powell, Arizona , California , Nevada, Mexico, Davis, Little Colorado, tamarisk, gesturing

☆ FTC's Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
▼ + stars: | 2023-05-31 | by ( Chelsey Cox | ) www.cnbc.com time to read: +10 min

As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.

Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn

☆ Opinion: Mitch McConnell’s confidence is being put to the test
▼ + stars: | 2023-05-14 | by ( Richard Galant | ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Not to worry, said Senate Minority Leader Mitch McConnell, a veteran of debt limit battles. McConnell’s reassurance that all will work out in the end is validated by history, but that doesn’t mean this time couldn’t be different. “If female voters are key to a Donald Trump victory in 2024, the former president should be in big trouble – but he doesn’t seem to care,” Jill Filipovic observed. “The town hall audience – selected on the basis of their intention to vote in the Republican primary in New Hampshire – appeared to be made up mostly of Trump fans.

☆ During My Divorce, Close Friends Became a Parachute
▼ + stars: | 2023-05-05 | by ( Maggie Smith | ) www.nytimes.com time to read: +1 min

When my marriage ended a few years ago, I tried everything I could think of to get over it, to get back to myself. I started traditional talk therapy, then “cheated” on my regular therapist by seeing an intuitive ‌one — because if your life is painfully uncertain, the promise of a little foresight is comforting. I also tried meditation, yoga, reiki‌ and acupuncture. I wrote, and wrote and wrote. We don’t talk enough about how terrifying divorce can be.

☆ Crypto is either dead in the water or about to notch new records as soon as next year - it depends on who you ask
▼ + stars: | 2023-04-25 | by ( Max Adams | ) www.businessinsider.com time to read: +6 min

You can scroll a bit further down for the market's reaction to the stunning Tucker Carlson announcement, but for today, we're turning our attention to crypto. If you ask Chamath Palihapitiya, that's because crypto crossed the wrong people and now it's dead, at least in the US. While crypto may be "dead in America," bitcoin is still going to $100,000. The housing market is close to bottoming and that could stave off a bad recession. That's according to Morgan Stanley, which wrote in a research note that housing is linked to broader business cycles.

Private equity firm Staple Street Capital valued Dominion at $80 million when it purchased a controlling stake in it in 2018. The Fox settlement was nearly 10 times that amount and far outstripped the $226 million average of four pre-election valuations cited in Fox's court papers. Dominion's damages claim in the Fox case was based upon a report it commissioned from an accounting expert, half of which remains under seal. It is difficult to place a dollar value on the U.S. voting-machine industry because Dominion and its competitors all are privately held. While Dominion's report cites dozens of lost clients due to Fox's coverage, the company still has landed recent contract renewals including in California's Republican-majority Kern County.

Investors are using provisions in Delaware corporate law to demand internal Fox records to investigate how Fox's leaders acted as its Fox News network aired segments on Trump's false claims that he lost the 2020 presidential election due to voter fraud, two sources confirmed. In moves not previously reported, shareholders are looking for records such as board minutes, emails and texts that may contain evidence that Fox directors and executives were derelict by allowing the network to air the false claims. It was not clear how many Fox shareholders are pursuing information demands. Fox has argued that Dominion's case falls short of proving actual malice and its damages request is "untethered from reality." If Fox prevails in the Dominion case, the shareholders' cases would not be as strong, said Ann Lipton, a professor at Tulane University Law School.

Fox has argued in legal filings that Dominion’s $1.6 billion damages request is “untethered from reality” and designed to enrich the company’s investors. In Delaware, attorneys are not allowed to speak directly with potential jurors. The streamlined process allows for jury selection to happen more quickly than it does in some other states: Davis has allotted two days. But it also means both sides will have a harder time trying to identify prospective jurors’ political views, which could be relevant in this case, said Gomez. “Will the facts of the case actually matter to them if they have that underlying belief?”The questions are limited to prospective jurors’ experience rather than their attitudes.

☆ Amazon Union President Chris Smalls Seen Fighting Worker in Video
▼ + stars: | 2023-04-12 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +27 min

On the night of December 5, the president of the Amazon Labor Union pummeled another union member. Some longtime Amazon Labor Union organizers decided to begin organizing on their own, without Smalls. All three said they believe in Smalls' mission and support the goals of the Amazon Labor Union, but worry about Smalls' ability to lead. Amazon Labor Union members consoled each other after the union lost the vote at its second warehouse, LDJ5, last April. One purpose of the organization appears to be to raise funds for the Amazon Labor Union, according to its certificate of incorporation.

☆ Nikki Haley's road to the White House will be difficult, but she has a key polling advantage her rivals lack.
▼ + stars: | 2023-03-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +11 min

Nikki Haley faces a number of challenges — namely Donald Trump — as she runs for the White House. But the former governor still has the potential to overcome her current standing as the Republican primary season heats up. And if it works, she could position herself as a forward-thinking leader who can move the GOP past the tumult of the 2020 presidential election. And in a mid-March Morning Consult poll, Haley's favorability among GOP voters sat at 47%, while only 16% had an unfavorable view of her; roughly 1 in 5 respondents said they were unfamiliar with the ex-governor. AP Photo/Alex BrandonA push to move beyond the 2020 electionSince November 2020, Trump has continued to question his election loss, alleging voter fraud despite no evidence of widespread malfeasance.

The voting technology company made the eye-popping damages claim as part of its 2021 lawsuit, which alleges Fox destroyed its reputation by airing falsehoods. A Dominion spokesperson said in a statement that the evidence will show Dominion was a "valuable, rapidly growing business" when Fox began "endorsing baseless lies" about its machines. "Following Fox’s defamatory statements, Dominion’s business suffered enormously, and its claim for compensatory damages is based on industry-standard valuation metrics and conservative methodologies," the statement read. Four different pre-election valuations of Dominion in 2020 averaged $226 million, Fox said, citing exhibits that have not been made public. If the jury concluded that Fox defamed Dominion but decided Dominion's business losses were minimal, it could still hit the company with significant punitive damages.

☆ Russia's struggles in Ukraine are showing US special operators that they'll need to fight without their 'tethers' to win future wars
▼ + stars: | 2023-02-28 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

For US special operators, the war is a reminder that such a network won't always be available. Ukraine thwarted Russia's initial attack and, with extensive Western support, has driven Russia's forces back. Logistics and special operatorsRomanian, Ukrainian, and US Army Green Berets conduct close quarters battle training in Romania in May 2021. We are trained and mentally prepared to fight without much logistical support," said the Green Beret, who was granted anonymity to discuss potential future operations. "Again, depending on the unit and the mission, we will require some sort of logistical support eventually.

☆ SEC targets ‘crypto-staking’ in $30 million Kraken settlement
▼ + stars: | 2023-02-10 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

That practice, known as “staking,” reflected an unregistered offer and sale of securities, the SEC alleged in a complaint announced Thursday. According to the SEC, Kraken failed to adequately disclose the risks of participating in the program, which had advertised annual yields of as much as 21%. But according to cryptocurrency advocates, the SEC clampdown on staking could have wider effects that undermine the US cryptocurrency ecosystem. The SEC complaint zeroes in on a practice that the industry says is vital to supporting the healthy function of some virtual currencies. In its complaint, however, the SEC alleged Kraken failed to notify users about the lack of protections it offered to those who engaged in staking through Kraken’s program.

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