The company said it has identified less than $300,000 of customer funds that were affected by unusual activity.
Carvana plans to lay off about 1,500 people, or 8% of its workforce, following a freefall in the company’s stock, according to an message obtained by CNBC.
The company’s implosion has led the Biden White House and two powerful committee chairs to publicly criticize FTX and call for tighter industry oversight.
Members of Congress expressed support for House Speaker Nancy Pelosi’s husband after he was violently attacked by an intruder with a hammer on Friday.
General Motors is suspending advertising on Twitter following Elon Musk’s takeover of the social media platform.
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