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Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges, […]
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EV startup Canoo has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles, just weeks after the company kicked off a major reorganization that included the departure of its chief technology officer. Canoo has also parted ways with senior director of advanced vehicle engineering Christoph Kuttner, who […]
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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was a busy one for the startup and VC world, with its fair share of funding news and, of course, the latest edition of YC’s […]
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