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Binance CEO Changpeng "CZ" Zhaowas in talks to acquire beleaguered crypto exchange FTX for less than oneday. That's because a quick look at the books sent the Binance team running.

"It was pretty clear pretty soon … the user funds weregone," Zhao said Thursday on CNBC's "Squawk Box."

What To Know:Binance is the largest cryptocurrency exchange in the world and one of the few big players left standing following the collapse of FTX which had a ripple effect on the entire industry as a result of what appears to be recklessmanagement practices and potential fraud.

FTX co-founder and former CEO Sam Bankman-Fried, also known as "SBF,"went fromcrypto king to crypto clown in less than 48 hours.

Related Link:Sam Bankman-Fried Is A 'Criminal,' Says Coinbase CEO

"It's clear that he lied to his users, his investors, his VC investors, his employees," Zhao said of the former FTX chief.

Once it became obviousthat Bankman-Fried was hiding the truth, Zhao said his team quickly realized theycouldn't trust anything theywere looking at.

"It was quite hard for us to do that due diligence, so we didn't go very far," the Binance CEOsaid.

When asked if Zhao thought SBF knew what he was doing, he responded, "I think he thought he understood. I think he probably still thinks he understands what he's doing now. I don't think he should be tweeting."

Bankman-Fried has been on a Twitter rampage of sorts since the fallout, spewing his thoughts in long twisted Twitter threads. He has shown regret for picking a fight with Zhao and suggested that his firm ended up where it was because FTXlost itsbattle against Binance.

"We were never in a battle with him. He may think he is in a battle with us. We didn't even notice," Zhao told CNBC.

See Also:Sam Bankman Fried A 'Psychopath,' Says Binance CEO Chanpeng Zhao

Despite the fallout of FTXand the subsequent declines in top cryptocurrencies such asBitcoin BTC/USD and Ethereum ETH/USD ,the Binance CEO is moving forward with business as usual.

"This incident will set us back a bit, but then the industry will become healthier so it's actually better in the long run," Zhao said.

On the other side of the coin, the House Financial Services Committee said it plans to holda hearing next month regardingthe situation withFTX, per Benzinga Pro.

Photo:Web Summitfrom Flickr.

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Harvey Weinstein is back in court – but what has happened to the #MeToo movement since 2017?

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Harvey Weinstein is back in court - but what has happened to the #MeToo movement since 2017?

Seven years after allegations against him first emerged online, Harvey Weinstein is back in court.

When the accusations surfaced in late 2017, the American actress Alyssa Milano tweeted: “If all the women who have been sexually harassed or assaulted wrote ‘Me too’ as a status, we might give people a sense of the magnitude of the problem.”

This gave birth to what we now know as the #MeToo movement and a flood of women – famous and not – sharing stories of gender-based violence and harassment.

Weinstein, 73, was jailed in 2020 and has been held at New York’s notorious Rikers Island prison complex ever since.

On 15 April, jury selection for his retrial got off to a false start, with none of the 12 potential candidates or six alternatives being deemed suitable. One, an actor, described Weinstein as a “really bad guy” and claimed he could not remain impartial. A woman also bowed out after declaring she had been the victim of sexual assault.

Once jurors are selected, the original charges of rape and sexual assault will be heard again, with opening statements and evidence due to start on 21 April.

Here we look at why there’s a retrial, why Weinstein will likely remain behind bars – and what has happened to #MeToo.

Why is there a retrial?

Weinstein is back in court because his first two convictions were overturned last April and are now being retried.

In 2020, he was sentenced to 23 years in prison after being found guilty of sexually assaulting ex-production assistant Mimi Haley in 2006 and raping former actor Jessica Mann in 2013.

Miriam (Mimi) Haley arrives at court in New York in 2020. Pic: AP
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Miriam (Mimi) Haley arrives at court in New York in 2020. Pic: AP

Jessica Mann outside court in Manhattan in July 2024. Pic: AP
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Jessica Mann outside court in Manhattan in July 2024. Pic: AP

But in April 2024, New York’s highest court overturned both convictions due to concerns the judge had made improper rulings, including allowing a woman to testify who was not part of the case.

At a preliminary hearing in January this year, the former Hollywood mogul, who has cancer and heart issues, asked for an earlier date on account of his poor health, but that was denied.

Film producer Harvey Weinstein arrives at New York Criminal Court for his sexual assault trial in the Manhattan borough of New York City, New York, U.S., February 5, 2020. REUTERS/Lucas Jackson
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Arriving at court for his original trial in New York in February 2020. Pic: Reuters

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When the retrial was decided upon last year, Judge Farber also ruled that a separate charge concerning a third woman should be added to the case.

In September 2024, the unnamed woman filed allegations that Weinstein forced oral sex on her at a hotel in Manhattan in 2006.

Defence lawyers tried to get the charge thrown out, claiming prosecutors were only trying to bolster their case, but Judge Farber decided to incorporate it into the current retrial.

Weinstein denies all the allegations against him and claims any sexual contact was consensual.

Speaking outside court on 15 April, his lawyer Arthur Aidala, said he was “cautiously optimistic that when all the evidence is out, the jury will find that all of his relationships were consensual and therefore reach a verdict of not guilty”.

Why won’t he be released?

Even if the retrial ends in not guilty verdicts on all three counts, Weinstein will remain behind bars at Rikers Island.

This is because he was sentenced for a second time in February 2023 after being convicted of raping an actor in a Los Angeles hotel room in 2013.

Harvey Weinstein, who was extradited from New York to Los Angeles to face sex-related charges, listens in court during a pre-trial hearing, in Los Angeles, California, U.S., July 29, 2021. Etienne Laurent/Pool via REUTERS
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At a pre-trial hearing in Los Angeles in July 2021. Pic: Reuters

He was also found guilty of forcible oral copulation and sexual penetration by a foreign object in relation to the same woman, named only in court as Jane Doe 1.

The judge ruled that the 16-year sentence should be served after the 23-year one imposed in New York.

Weinstein’s lawyers are appealing this sentence – but for now, the 16 years behind bars still stand.

Has #MeToo made a difference – and what’s changed?

“MeToo was another way of women testifying about sexual violence and harassment,” Dr Jane Meyrick, associate professor in health psychology at the University of West England (UWE), tells Sky News.

“It exposed the frustration around reporting cases and showed the legal system was not built to give women justice – because they just gave up on it and started saying it online instead.

“That was hugely symbolic – because most societies are built around the silencing of sexual violence and harassment.”

Women on a #MeToo protest march in Los Angeles in November 2017. Pic: Reuters
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Women on a #MeToo protest march in Los Angeles in November 2017. Pic: Reuters

After #MeToo went viral in 2017, the statute of limitation on sexual assault cases was extended in several US states, giving victims more time to come forward, and there has been some reform of non-disclosure agreements (NDAs), which were regularly used by Weinstein.

This has resulted in more women speaking out and an increased awareness of gender-based violence, particularly among women, who are less inclined to tolerate any form of harassment, according to Professor Alison Phipps, a sociologist specialising in gender at Newcastle University.

“There’s been an increase in capacity to handle reports in some organisations and institutions – and we’ve seen a lot of high-profile men brought down,” she says.

“But the #MeToo movement has focused on individual men and individual cases – rather than the culture that allows the behaviour to continue.

“It’s been about naming and shaming and ‘getting rid’ of these bad men – by firing them from their jobs or creating new crimes to be able to send more of them to prison – not dealing with the problem at its root.”

Actress Alyssa Milano at the Emmy awards in September 2017. Pic: AP
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Actress Alyssa Milano tweeted about #MeToo when the Weinstein accusations surfaced. Pic: AP

Dr Meyrick, who wrote the book #MeToo For Women And Men: Understanding Power Through Sexual Harassment, gives the example of the workplace and the stereotype of “bumping the perp”, or perpetrator.

“HR departments are still not designed to protect workers – they’re built to suppress and make things go away.” As a result, she says, men are often “quietly moved on” with “no real accountability”.

The same is true in schools, Prof Phipps adds, where she believes concerns around the popularity among young boys of self-proclaimed misogynist and influencer Andrew Tate are being dealt with too “punitively”.

“The message is ‘we don’t talk about Andrew Tate here’ and ‘you shouldn’t be engaging with him’,” she says. “But what we should be doing is asking boys and young men: ‘why do you like him?’, ‘what’s going on here?’ – that deeper conversation is missing,” she says.

Weinstein in his heyday, pictured on a red carpet in 2015
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The former film producer on the red carpet in Los Angeles in 2015. Pic: AP

Have high-profile celebrity cases helped?

Both experts agree they will have inevitably empowered some women to come forward.

But they stress they are often “nothing like” most other cases of sexual violence or harassment, which makes drawing comparisons “dangerous”.

Referencing the Weinstein case in the US and Gisele Pelicot‘s in France, Dr Meyrick says: “They took multiple people over a very long period of time to reach any conviction – a lot of people’s experiences are nothing like that.”

Prof Phipps adds: “They can create an idea that it’s only ‘real’ rape if it’s committed by a serial sex offender – and not every person who perpetrates sexual harm is a serial offender.”

People take part in a gathering in support of 71-year-old Gisele Pelicot who was allegedly drugged by her ex-husband and raped by dozens of men while unconscious, Saturday, Sept. 14, 2024 in Paris. Placard reads, "support for Gisle Pelicot." (AP Photo/Michel Euler)
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A woman holds a ‘support Gisele Pelicot’ placard at a march in Paris during her husband’s rape case. Pic: AP

Gisele Pelicot. Pic: Reuters
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Gisele Pelicot outside court. Pic: Reuters

Part of her research has focused on “lad culture” in the UK and associated sexual violence at universities.

She says: “A lot of that kind of violence happens in social spaces, where there are drugs and alcohol and young people thrown together who don’t know where the boundaries are.

“That doesn’t absolve them of any responsibility – but comparing those ‘lads’ to Harvey Weinstein seems inappropriate.”

Dr Meyrick says most victims she has spoken to through her research “wouldn’t go down the legal route” – and prosecution and conviction rates are still extremely low.

“Most don’t try for justice. They just want to be believed and heard – that’s what’s important and restorative,” she says.

But specialist services that can support victims in that way are underfunded – and not enough is being done to change attitudes through sex education and employment policy, she warns.

“Until we liberate men from the masculine roles they’re offered by society – where objectification of women is normalised as banter – they will remain healthy sons of the patriarchy.

“We need transformative, compassionate education for young men – and young women. That’s where the gap still is.”

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Wild’s Fleury plays ‘game I love’ one more time

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Wild's Fleury plays 'game I love' one more time

ST. PAUL, Minn. — Wild coach John Hynes sent retiring goaltender Marc-Andre Fleury out for overtime in what could well be the final game of his storied career, and Minnesota outlasted the Anaheim Ducks 3-2 on Tuesday night in the home team’s regular-season finale.

Fleury, 40, made five saves, fending off a 4-on-3 power play, in the victory. The home crowd erupted when Hynes sent out Fleury, and the netminder was right in the middle of the celebratory mob on the ice after the game.

“It was fun just to go one more time out there and play the game I love,” an emotional Fleury said after the win. “It was cool.”

By forcing overtime against Anaheim, the Wild officially clinched their playoff spot; they will take on the Vegas Golden Knights in Round 1. Filip Gustavsson, who started Tuesday’s contest in net, likely will start all games of that first-round series, with Fleury on the bench.

Though the Wild (45-30-7) certainly could go on a deep run this postseason, it is likely Fleury will end his career having won three Stanley Cups, a Vezina Trophy and a William M. Jennings Trophy. The 2003 No. 1 draft pick also has played for the Pittsburgh Penguins, the Chicago Blackhawks and the Golden Knights.

“I had been sitting there for a few hours,” Fleury said of his preparation to enter the game if called upon. “And Hynsey let me go in, and I’m happy I got to play a bit more.”

The Wild needed some late drama just to get Fleury his overtime opportunity, as Joel Eriksson Ek scored the tying goal with 20.9 seconds left in regulation.

With an empty net for the extra attacker, Matt Boldy‘s pass across the slot set up Eriksson Ek at the edge of the crease. Ducks goaltender Lukas Dostal stopped the first try with his stick, but a second whack at the puck got it across the line for Eriksson Ek’s 14th goal of the season, setting up Fleury’s entrance.

Boldy notched the winner — his 27th goal — with 17.9 seconds remaining in OT.

Fleury’s wife and three children were at the game, just like they were last week when he got his final start and (barely) defeated the visiting San Jose Sharks 8-7 in overtime.

“I feel lucky to have another chance to play in front of them. Get a win, not give up seven goals — that was nice too,” Fleury said. “Hopefully, they remember that time.”

Rookie Sam Colangelo had the go-ahead goal for Anaheim midway through the third period. Alex Killorn also scored, and Dostal stopped 37 shots for the Ducks (35-37-9), who were eliminated from postseason contention 11 days prior.

The Associated Press contributed to this report.

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Oilers’ Nurse suspended 1 game for cross-check

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Oilers' Nurse suspended 1 game for cross-check

Edmonton Oilers defenseman Darnell Nurse was suspended one game by the NHL Department of Player Safety on Tuesday night for cross-checking Los Angeles Kings forward Quinton Byfield.

He’ll miss the Oilers’ regular-season finale at San Jose on Wednesday night but will be eligible to return to Edmonton’s lineup for Game 1 of its first-round Stanley Cup playoff series against the Kings.

Nurse had been suspended three times and fined once in his 716-game NHL career.

The incident occurred at 14:36 of the second period of the Kings’ 5-0 win in Edmonton on Monday, with Los Angeles on a 5-on-3 power play and leading by four goals. Nurse and Byfield battled near the crease as the puck was frozen by Edmonton goalie Calvin Pickard. Nurse brought Byfield down with a headlock and then shoved Byfield’s head to the ice with a cross-check to the back of his helmet.

Byfield left the game and didn’t return. He also missed the Kings’ game against the Seattle Kraken on Tuesday. Nurse received a five-minute major for cross-checking and a game misconduct.

In its ruling, NHL Player Safety said Nurse was in control of his stick and “makes the decision to deliver an intentional cross-check that makes head contact with a player lying on the ice.”

The NHL ruled that the cross-check was delivered with enough force to earn supplemental discipline but agreed with Nurse’s counterargument that the cross-check was not delivered with “exceptional force” on Byfield.

“It is only because of that fact that this incident is not met with much more harsh discipline,” the ruling said.

The ruling is similar to one made in 2023 against Andrew Mangiapane, then of the Calgary Flames, who cross-checked Seattle’s Jared McCann while the Kraken forward was flat on the ice. Mangiapane also received a one-game suspension after a match penalty in the game, with NHL Player Safety citing the force of the cross-check in its ruling.

The Oilers and Kings will meet in the first round for the fourth straight postseason. Edmonton won the three previous series, in seven games in 2022, six in 2023 and five games in the 2024 playoffs.

Edmonton will not have defenseman Mattias Ekholm for the upcoming series against Los Angeles, underscoring how critical it was for the Oilers that Nurse not miss any postseason time.

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