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The Financial Times reports that a US court has heard Sam Bankman-Fried, head of collapsed cryptocurrency exchange FTX, ran the firm like a “personal fiefdom” and spent “substantial amounts of money” on things not related to the business. The company filed for bankruptcy earlier this month following a liquidity crisis. A lawyer told the court that the collapse had “allowed everyone for the first time to see under the covers and recognise the emperor had no clothes”.

Financial Times Front Page 23rd of December 2024

Nick Candy has pledged to help Reform UK disrupt the political landscape by supporting policies aimed at reducing the influence of established parties, with plans to introduce a law on fair donations and the backing of affluent supporters, positioning the party as a formidable force in upcoming elections.

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