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FTX founder acknowledges customers, others got hurt

Published Wed, 26 Feb 2025 15:43:02 GMT

By Ken Sweet and Larry Neumeister | Associated PressNEW YORK — Sam Bankman-Fried, testifying at his fraud trial, cast himself Friday as a bumbling cryptocurrency visionary who knew nothing about the industry when he started FTX, nothing about marketing when he became the face of his company and not enough about his businesses to realize his company was $10 billion in the hole before it collapsed.Minutes into a five-hour day on the witness stand in Manhattan federal court, the onetime cryptocurrency golden boy denied he defrauded anyone.Bankman-Fried, 31, acknowledged some failures, saying he made mistakes, large and small, but he also tried to counter testimony by four former top executives who blamed him for the collapse of his businesses last year when a rush of customers withdrew their money, exposing that billions of dollars were missing.“We thought we might be able to build the best product on the market” and move the cryptocurrency system forward, he said.“It...

Thousands of dollars worth of items stolen from multiple Walgreens in North Bay: police

Published Wed, 26 Feb 2025 15:43:02 GMT

(KRON) -- Two people were arrested Thursday night in connection to a series of retail thefts at multiple Walgreens locations throughout Sonoma County, the Cotati Police Department said in a Facebook post. Around 8:30 p.m., police received a call from an employee at a Cotati Walgreens that a male suspect entered the store and left with a "large amount of merchandise" without paying. Officers arrived at the Walgreens and learned the suspect entered a white SUV and drove onto southbound Highway 101. Police were able to catch the SUV and conduct a traffic stop. 5 suspects steal $100K worth of items from Apple Store in Burlingame: police A large number of the stolen merchandise was found in the trunk of the SUV, police said. An investigation later revealed that the driver and passenger of the SUV stole thousands of merchandise from a number of Walgreens throughout the county. (Cotati Police Department)(Cotati Police Department)The driver was arrested for conspiracy, possession of stole...

Inside a Gaza Village: “All of Us Will Die, but We Don’t Know When”

Published Wed, 26 Feb 2025 15:43:02 GMT

The Gaza Ministry of Health has calculated that more than 7,000 Palestinians have been killed, including nearly 3,000 children, by the latest Israeli bombing on Gaza. Those living in Gaza are under the constant threat of airstrikes, with little food, water, or access to medical care. This week on Deconstructed, Maram Al-Dada, an aviation engineer based in Florida, joins Ryan Grim; Al-Dada’s family is in Gaza, where he grew up. By the time of the interview, a shocking 46 members of Al-Dada’s family had been killed by Israeli attacks, with the rest wondering when their moment will come. Al-Dada talks about his childhood in Gaza, the escalating restrictions placed on Palestinians, and his family’s experience during these past few weeks.Note: This episode was recorded on Thursday evening (October 26), before the Friday evening escalation by Israel and before Gaza lost cellular and internet service.Transcript coming soon.The post Inside a Gaza Village: “All of Us Will Die, but We Don’t...

Live updates | UN calls for ‘humanitarian truce’ in Gaza as Israel expands activity in the territory

Published Wed, 26 Feb 2025 15:43:02 GMT

The Israeli military says its ground forces will expand their activities in Gaza Friday night. The announcement came hours after Israeli forces conducted a second ground raid in as many days and after Israel’s defense minister said the country expects to launch a long and difficult ground invasion of the Hamas-ruled territory.The development also came after communication services in the Gaza Strip were cut, following a heavy round of Israeli airstrikes that lit up the night sky over the darkened territory.The Palestinian death toll passed 7,300 as Israel launched waves of airstrikes in response to the bloody Hamas rampage in southern Israel on Oct. 7. The Health Ministry in Hamas-ruled Gaza, which tracks the toll, released a detailed list, including names and ID numbers on Thursday. In the occupied West Bank, more than 110 Palestinians have been killed in violence and Israeli raids since the war’s start three weeks ago.More than 1,400 people in Israel have been killed, mostly ...

Cavaliers missing All-Stars Darius Garland, Jarrett Allen for opener against OKC with injuries

Published Wed, 26 Feb 2025 15:43:02 GMT

CLEVELAND (AP) — The Cleveland Cavaliers are without All-Stars Darius Garland and Jarrett Allen for their home opener on Friday night against the Oklahoma City Thunder because of injuries.Garland has been dealing with a left hamstring issue that bothered Cleveland’s point guard in Wednesday’s opener at Brooklyn. He was listed as questionable and did not participate in the morning shootaround.Allen has been sidelined for several weeks with a bone bruise in his left ankle. While the center has been doing some individual work in practice, he’s not ready to play and the Cavs are going to continue to take it slow with Allen.“He’s back on the floor,” Cavs coach J.B. Bickerstaff said. “He’s running and then it’s just a matter of once he’s comfortable, once his conditioning is where he feels confident and then where the medical staff is with him and their comfort level to let him get out there.”Bickerstaff is starting Donovan Mitchell, Isaac Okoro, Max Strus, Evan Mo...

Most New Mexico families with infants exposed to drugs skip subsidized treatment, study says

Published Wed, 26 Feb 2025 15:43:02 GMT

SANTA FE, N.M. (AP) — Most New Mexico families with infants exposed to illicit drugs, marijuana and alcohol in the womb have been forgoing subsidized addiction treatment and other voluntary support services since the state’s shift in 2020 that halted automatic referrals to protective services, a new study indicated on Friday.The Legislature’s budget and accountability office told a panel of lawmakers that New Mexico’s revamped response to substance-exposed newborns — changes implemented in response to federal drug-abuse legislation — succeeded in keeping more parents together with their children, to avoid trauma associated with separation.At the same time, evaluators said the approach does not fulfill its purpose of keeping newborns safe and directing families to treatment, as parents miss or decline services ranging from mental health counseling to home visits by nurses aimed at improving the health and development of infants. The study notes that drug and alcohol use b...

Families hunt for loved ones not heard from since Hurricane Otis pummeled Acapulco

Published Wed, 26 Feb 2025 15:43:02 GMT

ACAPULCO, Mexico (AP) — Desperate families made missing posters Friday and joined online groups to look for loved ones out of touch since Hurricane Otis devastated the Mexican Pacific coast city of Acapulco. Officials said they were moving in supplies and evacuating people from the devastated metropolis of 1 million people.As cellphone service returned to some parts of the city, many residents had help from friends and relatives living in other parts of Mexico and in the United States. Residents joined together by neighborhood using online messaging platforms. On Thursday there were some 1,000 people in 40 chats, which grew in number through the day. Late Thursday, Guerrero state Gov. Evelyn Salgado followed their lead, urging people to send messages to government WhatsApp accounts about the missing.Norma Manzano spent a day debating whether to make a digital missing poster, like so many people have done, for her two brothers, whom she had not heard from since shortly after Otis mad...

Five years later, trauma compounds for survivors marking Tree of Life massacre amid Israel-Hamas war

Published Wed, 26 Feb 2025 15:43:02 GMT

PITTSBURGH (AP) — In one sense, there was a feeling of closure as survivors of the deadliest antisemitic attack in U.S. history joined with hundreds of others for prayers, poetry and music at an outdoor commemoration of the 11 people who were killed in a Pittsburgh synagogue five years ago on Friday.It was the first commemoration since the killer was convicted and sentenced to death after a long-stalled legal process.But it also came less than three weeks after Hamas attacks killed more than 1,400 in Israel, and two days after the latest mass shooting in the United States claimed 18 lives in Maine — creating what one participant described as “trauma upon trauma upon trauma.”It was important to make “the space to specifically remember 10/27, even when there is crisis in the world and other things that feel like they are overwhelming and scary,” said Maggie Feinstein, director of the 10.27 Healing Partnership, formed to help survivors and others in the wake of the attack.The outdoor c...

Canadian fishing boat rescues American fisherman from missing vessel based in Washington state

Published Wed, 26 Feb 2025 15:43:02 GMT

VANCOUVER, British Columbia (AP) — A Canadian fishing boat rescued an American man one day after the U.S. Coast Guard ended its search for a missing commercial fishing boat from Washington state with two people board, authorities said.U.S. Coast Guard Petty Officer Steve Strohmaier said the Canada-based Ocean Sunset spotted a covered life raft drifting in open ocean about 75 kilometers (46 miles) off the west coast of Vancouver Island on Thursday.Strohmaier said the Ocean Sunset’s crew found the man conscious on the raft, which was from the Evening fishing boat based in Gray’s Harbor, Washington. The man was taken to shore by the Canadian Coast Guard and was reported in stable condition. His identity was not released.The fate of the Evening and the other person aboard were unknown. Strohmaier said Coast Guard officials hoped to speak with the survivor soon to determine whether to renew the search.A social media post from U.S. officials said the life raft from the 13-mete...

Next NBA media rights deal already subject of speculation before negotiations even start

Published Wed, 26 Feb 2025 15:43:02 GMT

The NBA will have its own version of March Madness this season.It won’t take place on the court or feature a matchup between LeBron James and Joel Embiid. Instead, it will set the framework for how fans will be able to watch their favorite teams and players in future seasons.“There’s certain structural changes we want to make in sort of how our television relationship works, but at the same time, we’re not quite sure how it’s going to look,” NBA Commissioner Adam Silver said after a Board of Governors meeting earlier this year. “You’re clearly seeing an evolution or a morphing of media moving continually to streaming services. … Obviously other entrants in the market would potentially be interested.”The league’s 45-day negotiation period with the incumbents, ESPN/ABC and TNT, for the next media rights deal formally begins March 9. Both sides have had conversations about renewing their deals, but not nearly at the same level as 2014, when ESPN and ABC approached the...