December 3, 2024 at 05:05PM Stoli Group’s U.S. subsidiaries have filed for bankruptcy following a ransomware attack that disrupted their IT systems and forced manual operations. Additionally, Russian authorities seized their last distilleries due to the founders’ designation as “extremists.” Stoli faces ongoing legal battles over vodka trademarks, complicating its situation. ### Meeting Notes Takeaways … Read more
October 9, 2024 at 03:38PM National Public Data, a data brokerage in Florida, has filed for bankruptcy after a massive data breach potentially affecting hundreds of millions. Originally claiming 1.3 million were impacted, the true figure is higher. The company faces numerous lawsuits and regulatory challenges, with minimal assets to address liabilities. ### Meeting Takeaways: … Read more
October 10, 2023 at 05:29PM Former FTX head Sam Bankman-Fried is currently on trial for fraud. Prosecutors presented Python code that allowed flagged client accounts on FTX to spend money they didn’t have. Multiple accounts tied to Alameda Research, Bankman-Fried’s hedge fund, were flagged, contradicting his previous statement. Bankman-Fried is accused of using customer funds … Read more