

Discover more from Waivly
βββββ βββββββ ββ
β
Hey Waivly Crew!Β π FTX has sued founder Sam Bankman-Fried's parents for allegedly misappropriating millions. Agility Robotics is opening a new factory to produce more than 10,000 humanoid robots a year.
βββββ ββ
π Get 50% Off Waivly+ By Joining Today | Offer Ends September 30th π
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to exclusive Web3, AI, and tech content, insights, news, a members-only weekly newsletter edition, and more, all blended into one super low-cost and quick to join membership π Click here to get onboard and to become a Waivly+ Crew member!
FTX Bankruptcy Estate sues Sam Bankman-Friedβs parents
Bankrupt crypto exchange FTX has sued founder Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried, to recover millions of dollars in βfraudulently transferred and misappropriated funds."
βββββ ββ
A MondayΒ court filingΒ showed that debtors of FTX and its affiliated entity, Alameda Research filed a complaint to recover damages attributed to breaches of fiduciary duties and other alleged misconduct.
βββββ ββ
βAs Bankman-Friedβs parents, Bankman and Fried exploited their access and influence within the FTX enterprise to enrich themselves, directly and indirectly, by millions of dollars, and knowingly at the expense of the debtors in these Chapter 11 Cases and their creditors,β the filing said.
βββββ ββ
The filing noted that despite presenting itself to the public as a sophisticated group of crypto exchanges and businesses, the FTX Group was a self-described βfamily business," adding: βAnd together, Bankman and Fried siphoned millions of dollars out of the FTX Group for their own personal benefit and their chosen pet causes."
βββββ ββ
In February 2022, Bankman and Fried, both Stanford Law School professors, purchased a $16.4 million property in The Bahamas, referred to as βBlue Waterβ or βOld Fort Bay.βΒ
βββββ ββ
The filing revealed that the total cash payment for this acquisition amounted to $18.9 million, including taxes and fees, with all funds sourced from the debtors, and none contributed by Bankman or Fried personally.
βββββ ββ
Additionally, the couple allegedly pushed for tens of millions of dollars in political and charitable contributions, including to Stanford University, βwhich were seemingly designed to boost Bankmanβs and Friedβs professional and social status at the expense of the FTX Group,β the filing said.
Agility Robotics is opening a humanoid robot factory
Agility Robotics, the creator of the bipedal robot Digit, is opening a manufacturing plant in Salem, Oregon, that will allow the company to produce more than 10,000 humanoid robots a year.
βββββ ββ
The 70,000-square-foot factory, named βRoboFab,β is set to open later this year and will employ more than 500 workers in Salem.
βββββ ββ
Agility Robotics says its facility will also employ its own Digits, the iconic humanoid robot, in the new factory. The Digits will help move, load, and unload warehouse goods.
βββββ ββ
βThe opening of our factory marks a pivotal moment in the history of robotics: the beginning of the mass production of commercial humanoid robots,β Agility Roboticsβ co-founder and CEO Damion Shelton said in a press release.
βββββ ββ
βWe built Digit to solve difficult problems in todayβs workforce like injuries, burnout, high turnover, and unfillable labor gaps, with the ultimate vision of enabling humans to be more human. When youβre building new technology to make society better, the most important milestone is when youβre able to mass produce that technology at a scale where it can have a real, widespread impact.β
βββββ ββ
Agilityβs first customers can expect to get their hands on Digits produced in the factory by 2024. Orders will be opened to the general public the following year.
The Waves
π± Apple releases iOS 17 With StandBy, live voicemail, and more
π¦ Nomura Bank launches Bitcoin fund for institutional investors
π« Judge Denies SEC request for access to Binance US software
π° Financial Giant Citi expands digital asset services
βββββ ββ
Discover more Waves in the Waivly Discord. Click here to get onboard! π
Constant Contact: Your AI-Powered Content Partner
With the rise of AI, companies are exploring new ways to enhance their customer experience. Constant Contact has been leading the way in the email marketing and CRM industry by incorporating cutting-edge AI technology into its platform.
βββββ ββ
From AI automations to content generation, Constant Contact offers a range of advanced features to help you create highly targeted, effective campaigns without the hassle of writer's block. π
βββββ ββ
Say goodbye to the frustration of content creation and hello to more time doing what you love with who you love. Check out Constant Contact's AI solutions today and see the difference it can make for your business!
Venture Special
Chatbros is an AI-powered assistant that reshapes conversions, fuels sales growth, and transforms user engagement. Whether you aim to enhance conversions, guide your website visitors, or turbocharge your sales, ChatBros is your perfect partner.
βββββ ββ
Fina is a flexible financial management platform that enables people to manage their money & get proactive insights. Its simple interface allows you to connect all your live accounts, categorize transactions, and track custom financial scenarios.
βββββ ββ
Tiny Pockets is an AI-powered platform that allows users to create personalized stories for children. With this tool, users can generate unique stories with only a description of the story, making the stories tailored to the little ones' preferences.
Blockchain Capital raises $580M for two new funds
Blockchain Capital, a San Francisco-based venture capital firm, has raised $580 million for two new cryptocurrency investment funds.
βββββ ββ
The funding is split between $380 million for its sixth early-stage fund, which will focus on companies in pre-seed and Series A rounds, and $200 million for its opportunities fund, which will target late-stage investments from Series B onward.
βββββ ββ
According to a press release, the company will continue its trend of investing in infrastructure, DeFi, gaming, and other finance, blockchain, and crypto opportunities.
βββββ ββ
However, the press release noted that Blockchain Capitalβs strategy βisnβt about sectors; itβs about harnessing blockchain technology to realign incentives, re-establish user trust, and reengineer the social contract of our increasingly digital world.β
βββββ ββ
The latest funds are among the largest in crypto and blockchain history, marking a significant milestone for the 10-year-old firm. But this shouldnβt be interpreted as a sign that Blockchain Capital plans to continually increase fund sizes.
βββββ ββ
Speaking to TechCrunch, one of the firmβs partners, Spencer Bogart,Β saidΒ that the firm had βno intent to expand and become an AI fund or hedge fund and trade tokens,β adding that he didnβt see future funds βbecoming much larger than what you see here.β
Waivly Jobs Highlights
π©βπ» Product Designer at Chainlink
π©βπ» Senior Backend Engineer at Uphold
π©βπ» Social Media Manager at Coinmarketcap
π©βπ» Primary Graphic Designer at BNB Chain
Share the Waivly newsletter with your friends
That wraps up today's newsletter, thank you for reading through. Know someone else who would enjoy the Waivly newsletter as much as you do? Let them know about us, send them a link to join, and get great rewards for doing so! The reward per referrals are:
βββββ ββββββββ ββ
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, AI, and tech content, insights, and news, a weekly members-only newsletter edition, and so much more, all blended together into one super low-cost and quick to join membership π Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 50% off saving on your membership by joining today.
βββββ βββ
ββββ β
Follow us onΒ Twitter,Β Instagram, andΒ LinkedIn for more posts. Weβre @Waivly everywhere! What did you think about todayβs newsletter edition? Let us know your thoughts by voting on the poll below! Want to share feedback or suggestions? Reply to this email.βββββ ββ
βββββ ββ
*Waivly+ is the premium Waivly membership. Join at anytime by clicking βSubscribeβ on the Waivly website, and cancel anytime by heading to your account on Waivly.
*Constant Contact is an advertiser working with Waivly. The Constant Contact section of this newsletter is an advertisement.
*Want to advertise with Waivly? Click here to see our Advertisement packages.