Citibank revealed in court filings on Wednesday that the FBI, the EPA, the EPA Inspector General, and the Treasury Department have all requested that the bank freeze accounts of several nonprofits and state government agencies. The accounts were frozen in February, but the new documents make public details that had previously been unknown, including a […]
The 25 battery tech startups that just got a piece of $3B in federal funds
The federal government is handing out another $ 3 billion to startups in the buzzy battery tech sector. The investment, which the Biden administration announced Friday, is the latest injection of capital to come from a $ 16 billion pot that the Department of Energy set aside to build out local battery manufacturing, processing, and […]
European VC Atomico closes $1.24B across two funds for early and growth-stage startups
As European startups continue to look for signs of sustained market confidence beyond the hype around AI companies, Atomico — one of the region’s more iconic, largest venture capital firms — has raised more money to make investments that might indicate how the market is really moving. The VC has closed new funds totalling $ […]
Customers of Indian crypto exchange WazirX unlikely to recover full funds
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $ 234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money […]
Fluid Truck’s board ousted its sibling co-founders amid allegations of mismanaging funds
Fluid Truck, a startup that was founded to disrupt the commercial vehicle rental industry, has ousted its sibling co-founders – CEO James Eberhard and chief legal counsel Jenifer Snyder – according to sources familiar with the matter. The shakeup, which employees have described as a hostile takeover, was led by two minority investors on the […]