Category: Business

  • Woman, 21, dies after going to hospital for broken ankle left her brain dead

    Woman, 21, dies after going to hospital for broken ankle left her brain dead

    The family of a young woman who allegedly died after being given too many painkillers have filed a lawsuit against the hospital.

    In April, university student Dale Alice Martin fractured her ankle while undertaking farm work and was informed that she would be kept in overnight for surgery.

    “It didn’t seem like a very complicated medical issue,” the 21-year-old’s father, Lindsay Martin, recalled in an interview with NBC.

    Fourteen hours later, Martin’s family received a phone call to say their daughter had been found unresponsive and was now brain dead. A medical report would later find that Martin had been given an accidental overadministration of narcotics, which caused her to stop breathing and go into cardiac arrest.

    Martin’s family have now initiated legal action against Connecticut’s Waterbury Hospital, claiming their daughter died due to medical malpractice.

    Dale Alice Martin's family are now suing the hospital where she died (NBC News)

    Dale Alice Martin’s family are now suing the hospital where she died (NBC News)

    “Within 14 hours of admission, providers at the hospital had administered so much pain medication that Dale stopped breathing and later died,” Christopher Mattei of Koskoff, Koskoff & Bieder, who are representing the Martin family, said.

    “No one checked on Dale during this time. The same medications that were interfering with Dale’s breathing were also sedating her,” the lawsuit continued. “Dale could not even call for help as she suffocated. At 7 a.m. on April 10, a Waterbury Hospital nurse finally checked on Dale. It was far too late. Her heart had stopped beating.”

    An investigation into the hospital revealed that it was owned by Prospect Medical Holdings, a California-based private company which filed for bankruptcy three months before Dale passed away.

    The hospital was later purchased by Hartford HealthCare and is now owned and operated by UConn Health. A spokesperson for the facility told the Hartford Courant: “he quality, safety and wellbeing of our patients is our top priority.”

    When asked about the reports that funding at Waterbury Hospital was so tight that ‘nurses allegedly were buying food for patients’ and the facility was struggling to ‘function properly’, Martin’s father said the family had no idea this was the case until after her death.

    Martin had been taken to Waterbury Hospital in Connecticut after breaking her ankle (Tyler Russell/Connecticut Public via Getty Images)

    Martin had been taken to Waterbury Hospital in Connecticut after breaking her ankle (Tyler Russell/Connecticut Public via Getty Images)

    “Dale did not have a choice of where to go,” he said. “She was brought to the nearest hospital.”

    “We will obviously learn more about the extent to which Prospect’s mismanagement of Waterbury Hospital contributed to the specific circumstances on the night that Dale died,” Mattei, the family’s attorney, said.

    “But what we expect to find is that this was a hospital that was largely operating on fumes as a result of Prospect dismantling infrastructure within the hospital, reducing staff, training, and finding every way possible to extract value out of the hospital in a way that jeopardised care.”

    LADbible has approached Waterbury Hospital and Prospect Medical Holdings for comment.

  • Woman who feared she’d die giving birth left bald with ‘mouldy head’

    Woman who feared she’d die giving birth left bald with ‘mouldy head’

    This article contains images some readers may find distressing.

    A woman experienced a serious case of psoriasis which left her with ‘mouldy skin’ so bad that she went bald after a traumatic birth which left her and her baby in intensive care.

    Leonie Branaghan recalled how she had been discharged from hospital after contracting sepsis following the birth of her son Kobe, with the sepsis meaning that they spent time in intensive care after the birth.

    The 30-year-old mum from Ipswich in Suffolk was discharged home, and said that she was so scared of losing her baby son that she didn’t put him down.

    “The hospital said that the stress that I have gone through is what triggered [my psoriasis],” said Leonie.

    Around two months after being discharged home Leonie began to experience flashbacks to her experience in hospital, and noticed a small scab had appeared behind her ear.

    Leonie noticed a patch of dry skin behind her ear, but initially dismissed it as dandruff (Kennedy News and Media)

    Leonie noticed a patch of dry skin behind her ear, but initially dismissed it as dandruff (Kennedy News and Media)

    At first she assumed that it was just dandruff, but in January 2024 she noticed that more bumps were appearing on her scalp, and made an appointment with her GP, where she was diagnosed with a fungal infection.

    Over the following months, Leonie had patches of the itchy skin flare up all over her body, and on her head it became so bad that it caused her hair to fall out.

    Leoni had patches of skin all over her body (Kennedy News and Media)

    Leoni had patches of skin all over her body (Kennedy News and Media)

    “I would make jokes I was a snake and my skin was shedding”

    In September 2024 Leonie was diagnosed with psoriasis, this is a condition which causes patches of flaky and dry skin on the body, which does not currently have an outright cure.

    One big cause of psoriasis is stress, and Leonie believes that this was directly linked to the extremely difficult birth, which she called ‘the scariest thing I have been through’.

    “It’s very itchy so when you scratch it, it then burns and it would bleed and ooze. There was so much coming out of it,” she said.

    “It was clear liquid and had the worst smell to it as well. I’ve never smelt anything remotely similar to what that smelt like.

    Leoni had a challenging birth (Kennedy News and Media)

    Leoni had a challenging birth (Kennedy News and Media)

    “It almost felt surreal [when my skin would come off]. I thought there was no point crying about this as I have it for the rest of my life. I would almost make jokes like I was a snake and my skin was shedding.”

    Leonie has tried several different medicines including oral and injected, in an attempt to treat the health condition, but it does not have a cure.

    The mum of two has sometimes worn wigs and close-fitting hats, known as ‘cancer caps’ for their popularity with people who are undergoing chemotherapy, when she leaves the house, but says that she has had cruel remarks from strangers.

    “I had taken my little boy shopping and at this point my hair had completely gone and my head was at its worst,” she recalled.

    “I didn’t want to go out with no hair so I balanced a wig on my head and put a beanie hat on to hold it in place.

    “This lady came up to me and asked why I had a winter hat on when it’s warm outside. I just don’t know why she needed to comment on it.”

    Leonie had the patches all over her head (Kennedy News and Media)

    Leonie had the patches all over her head (Kennedy News and Media)

    She added: “I lost all my hair at the age of 27 due to psoriasis. I had really nice hair, it was really long and blonde, it was such a big part of me.

    The condition has even gotten so bad that Leonie has been unable to play with her son because her ‘hands would split’.

    “I wouldn’t be able to take him to the park either because it makes it hard to walk,” she said.

    Leonie now hopes to raise awareness of the condition and urge people to see a doctor if they are worries they have psoriasis.

    “My head is starting to get quite bad again and my hair is starting to fall out again in little bits,” she said.

    “If you think you have psoriasis you should not wait for as long as I did to get in touch with someone in the medical profession.”

    According to the NHS, psoriasis is defined as a common skin condition that causes itchy and painful patches of dry, flaky skin.

    It is most commonly found on the head and behind the ears, on the chest, tummy, back, bottom, elbows and forearms and lower legs. It can also be found in skin creases.

    It cannot be cured, but there are treatments to help manage symptoms, including steroid creams.

  • A Critical Move in the Cryptocurrency Market: Standard Chartered Chooses Ripple (XRP)! Here Are the Details

    A Critical Move in the Cryptocurrency Market: Standard Chartered Chooses Ripple (XRP)! Here Are the Details

    According to the statement, the service is provided through the bank’s Dubai International Financial Centre (DIFC) branch. DIFC allows eligible corporate clients to hold their digital assets in the bank’s custody infrastructure.

    The bank also added that it is working with Ripple and LMAX Group to make $RLUSD acceptable as collateral under its Collateral Mirroring model. According to the bank, another aspect of this work involves extending Standard Chartered’s existing Collateral Mirroring model to LMAX Group.

    This model aims to allow assets to be held in a custodian institution while the corresponding balances can be used as collateral on the trading platform. This enables institutions to access liquidity and reduce counterparty risk without transferring their assets to trading platforms.

    What Does This Mean for the Institutional Cryptocurrency Market?

    This development has the potential to expand $RLUSD’s use in institutional custody, collateral, and transaction processes. The previously announced partnership between Ripple and LMAX Group also aims to increase the stablecoin’s use in institutional markets.

    Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated: “$RLUSD was developed specifically for these types of institutional use cases. Our clients want the efficiency of a regulated stablecoin without sacrificing the custody standards they already trust. Combining $RLUSD on the $XRP Ledger with Standard Chartered’s custody capabilities and LMAX Group’s institutional transaction infrastructure creates a practical way for institutions to use stablecoins in global markets.”

    *This is not investment advice.

  • This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

    This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

    In brief

    • Meanwhile, which calls itself the first life insurer licensed to operate entirely in Bitcoin, raised $37.5 million from existing investors led by Bain Capital Crypto, bringing its total raised to over $180 million.
    • The round follows a record year fueled by its BTC Life 1-Pay single-premium policy for high-net-worth clients abroad.
    • The company is backed by Sam Altman and licensed in Bermuda since 2024.

    Meanwhile, a life insurance company that operates entirely in Bitcoin, has raised $37.5 million as demand for its unusual policies climbs among wealthy families overseas.

    The Bermuda-based insurer said Thursday the funding came from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.

    Myriad: How high will Bitcoin go? Click to make your prediction.
    Myriad: How high will Bitcoin go? Click to make your prediction.

    Meanwhile, whose backers also include OpenAI CEO Sam Altman, has now raised more than $180 million in total.

    The company bills itself as the first life insurer licensed to run entirely on Bitcoin, with its balance sheet, reserves, and audited financials all denominated in the cryptocurrency. It said it received the first license of its kind from the Bermuda Monetary Authority in July 2024 after two years in the regulator’s sandbox, and holds all policyholder Bitcoin with regulated institutional custodians.

    The raise follows what Meanwhile called a record year, driven by international demand. In early 2026 it launched BTC Life 1-Pay, a single-premium whole life policy aimed at high-net-worth clients outside the U.S., its second product after a 10-payment version built for American taxpayers.

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    Under the single-premium policy, a client pays once in Bitcoin and receives a guaranteed death benefit in Bitcoin for life, with the policy’s value growing in Bitcoin and the owner able to borrow up to 90% of it after the first year with no repayment schedule or margin calls.

    Meanwhile said it has signed 15 brokers since launch, including in insurance hubs like Singapore, Hong Kong, the UAE and Switzerland, and that its net long-term underwriting income has already surpassed last year’s total.

    “Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on,” said Zac Townsend, Meanwhile’s co-founder and CEO.

    The funding reflects a broader push to weave Bitcoin into traditional financial products. Delaware Life teamed up with BlackRock last year to offer Bitcoin exposure through a fixed indexed annuity, a sign that insurers are increasingly looking to pair the volatile asset with long-term planning vehicles.

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  • Ledger claims CryptoBilis cases are limited as up to $93M is traced, $10M frozen

    Ledger claims CryptoBilis cases are limited as up to $93M is traced, $10M frozen

    The Tether freeze, confirmed by Bitquery, is important because stablecoin issuers can block tokens linked to crime, unlike bitcoin or ether. Bitquery also said roughly $81 million could still be traced onchain as of Oct. 11, while some funds had moved through Tornado Cash and Zcash.

    Tether did not immediately respond to a CoinDesk request for comment on the freeze.

    Ledger’s effort to characterize the incident as confined to CryptoBilis has drawn pushback because the reseller was listed as authorized on Ledger’s website. “It’s not a CryptoBilis incident, it’s a Ledger incident,” X user MyCryptoParadise wrote. “At least take ownership of this mess.”

    The episode is distinct from an April phishing campaign involving a fake Ledger Live app on Apple’s App Store, which drained at least $9.5 million after users entered their recovery phrases. This time, the attacker appears to have obtained the keys needed to directly empty hundreds of wallets.

    Ledger advised CryptoBilis customers not to set up unused devices. Those who have already used one should move assets to a new device with a newly generated recovery phrase, it said.

  • Standard Chartered offers RLUSD custody in Dubai and plans LMAX collateral link

    “Regulated custody connected to a global systemically important bank is becoming one of the most valuable pieces of infrastructure in digital assets,” said Joseph Goh, head of Asia-Pacific at Singapore-based crypto investment bank Areta.

    Waqar Chaudry, Standard Chartered’s global head of digital assets, securities services and transaction services, said “institutional clients want to participate in digital asset markets without compromising on how their assets are safeguarded or how risk is managed.”

    The move builds on Ripple’s effort to position $RLUSD as a settlement and collateral asset for institutions. Ripple provided LMAX with $150 million in financing in January as part of plans to embed the stablecoin in the group’s infrastructure, including for institutional trading.

    The LMAX link, if completed, would give $RLUSD another route into the collateral systems that sit behind institutional trading, rather than limiting the token to payments or spot settlement.

    Standard Chartered has been expanding its custody operations in several financial centers. Last week, it said it planned to offer institutional clients in Singapore custody for selected cryptocurrencies, stablecoins and tokenized real-world assets, having fully acquired Zodia Custody earlier this year It became the first bank to distribute one of Hong Kong’s two regulated stablecoins in August.

  • Reason why Man City fans have bananas in first game after 115 charges confirmed

    Reason why Man City fans have bananas in first game after 115 charges confirmed

    Football fans are used to seeing a sea of blue shirts in the stand when Manchester City are playing – but on Sunday (11 October), there was a wave of yellow instead.

    That’s because supporters have headed to Anfield with inflatable bananas in what seems to be a show of defiance, as it’s the club’s first game since it was found guilty of 114 out of 115 charges relating to financial fair play rules.

    And it turns out there is an interesting reason why Cityzens have opted to arm themselves with this unusual prop.

    Enzo Maresca’s squad are back on the pitch today for the first time since the news broke that the Premier League had found the club guilty of dozens of charges.

    City, who has launched an appeal against the decision and vehemently deny any wrongdoing, could face a number of brutal punishments.

    City fans have headed to Anfield with a ton of inflatable bananas (Robbie Jay Barratt - AMA/Getty Images)

    City fans have headed to Anfield with a ton of inflatable bananas (Robbie Jay Barratt – AMA/Getty Images)

    Maresca addressed the scandal for the first time on Friday (9 October) ahead of the team’s clash against Liverpool, saying he has ‘complete trust’ in the club.

    “Personally, I’m very calm to be honest,” the 46-year-old said. “The club has been quite clear. We trust completely the club.

    “We understand the noise, but the focus for us is just what we can control and we can control just the football side.”

    Outside Anfield, there was tons of merch on sale referencing the more than 100 charges, which City fans have no doubt been bracing for.

    In what seems to be a bid to counteract this, hundreds of Blues have turned up to the stadium with inflatable bananas, and a lot of people don’t know why.

    Lots of people don't understand the reference (Michael Regan/Getty Images)

    Lots of people don’t understand the reference (Michael Regan/Getty Images)

    Taking to social media, one person wrote: “Why are the Man City fans holding giant bananas?”

    Another teased: “Bananas are backkkkk!”

    A third commented: “City fans such tourists. You can see to them its all about a fun day out, no real passion. They’re all having a laugh with those bananas.”

    A fourth added: “My love for this club is pure. Man City fans bringing bananas to Anfield.”

    And a fifth chimed in saying: “City fans be like, ‘We know we cheated but we’re gonna come to Anfield and wave bananas around’.”

    Why are City fans armed with inflatable bananas?

    It is believed that City supporters are referencing the nickname that supporters previously gave to legendary striker Imre Varadi, back in 1987.

    They dubbed the player, now 67, ‘Imre Banana’ in a chant.

    According to City’s website, this marked the ‘start of an inflatable craze that put a much needed smile back on the face of football in England‘.

    “All this was seemingly down to a few City fans interpretation of Varadi’s name – at least as legend has it – and, years later, he admitted it was something he was extremely proud to have been connected to,” it explains.

    Varadi took the nickname in his stride and later launched his own business, Imre Banana, which produces inflatable bananas that sport his name. You can purchase one for £10, as well as t-shirts and badges.

    It is believed that a fan named Frank Newton is responsible for starting this wacky trend, as he turned up to Maine Road ahead of a match against Plymouth Argyle with a five-foot blow-up banana.

    Varadi seen proudly clutching one of his inflatable bananas (Facebook)

    Varadi seen proudly clutching one of his inflatable bananas (Facebook)

    He is said to have borrowed his from a pal, rather than bulk-ordering them online like these lot probably have.

    Blow-up bananas have since been adopted by City fans as a lighthearted symbol of their support for the club, and it seems they are now being repurposed to put on a show of solidarity.

    Dante Friend, who handed out some inflatables to fans outside Anfield before the game kicked off, told The Sun: “A guy called Frank Newton took an inflatable banana to the next game, and then everyone started doing it.

    “Most of the fans were having a laugh. We were s**t, we were in Division Two.

    “I think, every now and then, when it’s fan-led and not club-led, [bringing back the bananas] can be really good. It’ll be a laugh.”

    City’s CEO Ferran Soriano recently released a video insisting the Premier League case was ‘based on a single false accusation’ – but all fans could focus on was him seemingly not blinking during the more than three minute clip.

  • Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives

    Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives

    In brief

    • Blockchain.com has applied to the CFTC for two licenses—a designated contract market and a futures commission merchant—to offer event contracts and crypto derivatives to U.S. retail and institutional customers.
    • The move would bring in-house what it now offers abroad through Polymarket and Hyperliquid.
    • It joins a crowded federal-license rush, as the CFTC asserts authority amid state gambling suits and a Supreme Court fight.

    Blockchain.com is making a bid to join the U.S. prediction-market boom, telling CNBC it has applied to the Commodity Futures Trading Commission for licenses to offer event contracts and cryptocurrency derivatives to American customers.

    The crypto platform filed for two designations, the company told CNBC: a designated contract market license, which would let it operate as a futures exchange for event contracts, and a futures commission merchant license, which would allow it to act as a broker for derivatives.

    Myriad: When will Polymarket launch its token? Click to make your prediction.
    Myriad: When will Polymarket launch its token? Click to make your prediction.

    Together, the approvals would let Blockchain.com run its own regulated marketplace serving both retail and institutional traders in the U.S.

    The move would bring in-house what the company currently offers only through partners abroad. Blockchain.com began providing prediction markets to some international customers this year via a partnership with Polymarket, along with perpetual futures powered by the decentralized exchange Hyperliquid.

    A CFTC license would let it operate its own event-contract venue rather than route through third parties. CEO and co-founder Peter Smith told CNBC the goal is to let users manage digital assets, trade derivatives and bet on real-world events all in one place.

    The application lands amid a crowded rush toward federally regulated event trading. Blockchain.com joins 11 other companies that have filed for DCM licenses this year, according to CNBC, with the CFTC having approved six new ones in 2026.

    BitcoinBTC · USD

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    The appeal of the federal route is partly jurisdictional: a CFTC license offers cover from state gambling regulators, who have sued prediction-market operators including Kalshi and Polymarket.

    The regulatory backdrop is shifting fast, with states battling federal regulators in court over who gets to police such markets.

    The CFTC recently sent the White House new rules aimed at cementing its authority over prediction markets, while a court fight over whether event contracts are federally regulated swaps, pitting the NFL and others against Kalshi, has drawn the Supreme Court’s attention.

    The appeal of prediction markets for Blockchain.com and others, though, is obvious. Business is booming. Prediction markets are increasingly entering the mainstream and trading volumes have increased dramatically over the last year.

    Analysts at Bernstein have projected the sector could generate billions in revenue by the end of the decade in what they predict will be a $10 trillion market.

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  • Man who survived the ‘deadliest tsunami in history’ explains how his injuries saved his life

    Man who survived the ‘deadliest tsunami in history’ explains how his injuries saved his life

    A man who was ‘completely at the mercy’ of the Boxing Day tsunami has told how he believes his horror injuries actually saved his life.

    Andrew Chaggar miraculously survived the natural disaster in 2004 that tragically killed 220,000 people across Thailand, Indonesia, Sri Lanka and Somalia – including his ‘wonderful’ partner Nova.

    The couple had taken a year off to explore the world and after travelling through China, Vietnam and Cambodia, they fatefully decided to spend the Christmas period in Thailand in a beachfront bungalow.

    Andrew courageously opened up about his story of survival and the loss of Nova while speaking to LADbible Stories in a new episode of Minutes With.

    He detailed how the dream trip they had spent a number of years saving up for turned into a nightmare after ferocious waves smashed into their accommodation in Khao Lak and swept them away.

    Andrew, who was 27 at the time, recalled how the row of bungalows were ‘took down like dominoes’ after the first wave of the Indian Ocean tsunami hit.

    He described how the homes began to ‘violently’ shake, while he could hear a noise comparable to a ‘jet engine building up for takeoff’ – adding that Nova ‘looked quite scared’ when he glanced over at her for the final time.

    “I literally remember being in the bungalow and, the next minute, basically waking up in the water,” Andrew told Minutes With. “It was almost like being in a washing machine full of nails.

    “There was this incredibly strong current, and there was just no way to swim against it. I was completely at its mercy.

    “And then there was all the wreckage from the bungalows themselves. In the water, there was metal, glass, bricks, probably whole cars and things like that. It was that powerful.”

    22 years after the Boxing Day tsunami, Andrew Chaggar has bravely opened up about his story of survival (LADbible)

    22 years after the Boxing Day tsunami, Andrew Chaggar has bravely opened up about his story of survival (LADbible)

    Andrew was then repeatedly ‘turned over and over’ by the force of the waves, which ‘dragged him along’ and away from the row of bungalows.

    “At one point, I managed to surface, but almost immediately, I think an oil drum hit me in the head,” he continued. “That’s what caused the scar on my head, and it knocked me back under the water.

    “I surfaced again, and the wave had started washing me inland. I was basically dragged through what was basically a building site for a hotel.

    “At that point, it was just the concrete floors and the columns that were in place, so there were no walls.”

    While he was hauled through the construction site, Andrew’s left leg suddenly became pinned against a concrete pillar due to the debris in the water.

    Khao Lak was obliterated by the ferocious waves in 2004 (Patrick AVENTURIER/Gamma-Rapho via Getty Images)

    Khao Lak was obliterated by the ferocious waves in 2004 (Patrick AVENTURIER/Gamma-Rapho via Getty Images)

    “That’s what caused the worst of my injuries,” the dad-of-two said. “But I think it’s fundamentally what saved my life.”

    Andrew believes that a worse fate would have awaited him if his leg had not become trapped, as he suspects the waves would have dragged him back out of the site and catapulted him directly into the bay.

    “I’ve seen videos of Khao Lak on the day of the tsunami, and there were these huge whirlpools going on,” he said. “I think that’s what also caused a lot of people to drown – being out in the bay when all that was happening.

    “So, although it caused the worst of my injuries, I think that’s fundamentally why I’m alive today.”

    Being stuck there was still an ‘incredibly frightening’ experience, as Andrew explained he had never ‘even heard the word tsunami at that point, so had no idea what had happened’.

    ‘I was incredibly lucky’

    The dad-of-two explained he has maintained a close relationship with Nova's family (LADbible)

    The dad-of-two explained he has maintained a close relationship with Nova’s family (LADbible)

    Moments later, he began to hear the same haunting noise he had heard that morning – and the second wave then struck and he feared that due to his injuries, he would not be able to survive this one.

    Explaining how he dodged death, Andrew went on: “I watched the wave come in, but again, I was incredibly lucky because, as it came in, it rose and probably stopped about six inches – about 15 centimetres – below where I was.

    “Had it come any higher, it probably would have taken me with it. But the second wave came in, rose up almost to where I was and then, thankfully, dropped away without taking me.”

    As well as sustaining ‘terrible’ injuries to his legs, he also broke his collarbone. Andrew spent around four hours in the construction site while being ‘incredibly worried’ about where Nova was, before he was eventually rescued from his ordeal by a pair of ‘incredibly brave’ strangers.

    Andrew later returned to Thailand (SAEED KHAN/AFP via Getty Images)

    Andrew later returned to Thailand (SAEED KHAN/AFP via Getty Images)

    He explained the mental toll of the Indian Ocean tsunami was much greater than the physical, as he came to terms with the fact that Nova was gone, while he had witnessed scenes that he resembled a ‘war zone’.

    Six months after the natural disaster, he was informed that Nova had been confirmed dead through a partial DNA match, which left him in ‘a pretty dark place for a long time’.

    He said his healing journey has taken years and is still ongoing – but he bravely decided to return to Thailand as he had a ‘very strong urge to go back and help’.

    Andrew’s experience inspired him to go back to university and do a master’s degree in international development, with a focus on disaster response, before he later launched the charity, International Disaster Volunteers (IDV).

    He now works for another charity and is an inspirational speaker. He has since got married and had two children, while he also remains ‘incredibly close with Nova’s parents‘.

    “I’m in this position now where my kids call Nova’s parents Grandma and Granddad,” Andrew added. “That, to me, is just amazing. I feel incredibly lucky that they’re family.

    “They are family. There’s no question about it, and I feel very lucky that relationship is there.

    “Obviously, as part of that, Nova is always part of our lives.”

  • Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family Profits

    Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family Profits

    In brief

    • Sen. Richard Blumenthal sent Cantor Fitzgerald a 13-item request for records on its Tether business arrangement, with responses due Oct. 23.
    • The letter claims Cantor’s 5% Tether stake rose from $600 million to an estimated $10 billion since Trump returned to office, but does not accuse Cantor of breaking a specific law.
    • Blumenthal also asks for the terms of any Tether loan that helped Howard Lutnick transfer his Cantor stake to his children.

    Sen. Richard Blumenthal is asking Wall Street firm Cantor Fitzgerald to hand over records on its business relationship with Tether, the issuer of USDT, the world’s largest stablecoin—the dollar-pegged digital asset that underpins the crypto economy.

    He also wants to know how much money the family of Commerce Secretary Howard Lutnick has made from the arrangement, according to a letter dated Thursday.

    Myriad: Who wins the midterm elections? Click to make your prediction.
    Myriad: Who wins the midterm elections? Click to make your prediction.

    “Disturbingly, Cantor Fitzgerald’s lucrative business arrangements with Tether come at the expense of America’s national security,” Sen. Blumenthal argued.

    The letter went to Brandon Lutnick, Cantor’s chairman and Howard Lutnick’s son, from Blumenthal as the top Democrat on the Senate Permanent Subcommittee on Investigations. It is a request for information with an Oct. 23 deadline rather than a subpoena, and it describes the minority’s probe as an investigation into “the illicit use of cryptocurrencies and the Trump Administration’s self-enrichment and self-dealings with cryptocurrency firms.”

    The letter does not accuse Cantor of breaking a specific law, and nothing in it is a finding of wrongdoing. It asks how the firm checks that Tether follows U.S. sanctions and anti-money-laundering rules, and the claims about Tether and the Lutnick family are Blumenthal’s, built on press reports and his staff’s earlier work.

    “Just as Tether has made untold millions in interest and investments from the stablecoins used in these illicit activities, so has Cantor Fitzgerald profited from its relationship with Tether,” Blumenthal wrote.

    BitcoinBTC · USD

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    “Given the longstanding and deeply intertwined relationship between Tether and Cantor Fitzgerald, and its substantial relationships within the Trump Administration, I am writing to request information about your business partnership with Tether and to learn about your practices for detecting violations of American banking and sanctions laws,” the senator added.

    Blumenthal wrote that Lutnick has made more than $250 million since President Donald Trump returned to office, including a $192 million distribution from Cantor. Over the same stretch, he said, Cantor’s 5% stake in Tether climbed from $600 million to an estimated $10 billion, on top of the tens of millions of dollars a year the firm collects from the assets it holds for Tether.

    Cantor acts as Tether’s custodian, the firm that safeguards its reserves (the cash and other holdings meant to back every USDT in circulation). Blumenthal noted that although Tether claims to operate out of El Salvador, “the vast majority of its assets reside in the United States under your custodianship.”

    Howard Lutnick ran Cantor until the Senate confirmed him as Commerce Secretary in February 2025, and the firm is now chaired by his son Brandon. The senator also requests the terms of any loan or legal strategy that would allow Lutnick to transfer asset ownership to his children.

    That request tracks a reported loan from Tether to a trust for Lutnick’s four children, for an undisclosed amount, made around the time they bought out their father’s stake in Cantor. Sens. Elizabeth Warren and Ron Wyden asked Lutnick and Tether about it in April.

    When assets are transferred to a trust, the people under investigation don’t have the legal property over those assets.

    The letter landed 10 days after the subcommittee’s Democratic staff released “Tethered to Terrorism,” a report finding that 84% of 846 crypto wallets (addresses that hold tokens) sanctioned or targeted for seizure over links to Iran and its proxies used USDT exclusively or nearly exclusively.

    The headline number rests unevenly on two lists: 87% of the 757 wallets designated by Israel’s counter-terror finance bureau transacted mostly in USDT, against 57% of the 101 designated by OFAC, the Treasury office that enforces U.S. sanctions.

    Tether, which can lock a wallet so the tokens inside cannot move, published a statement the same day citing roughly $550 million in Iran-linked freezes this year, including $344 million in April and more than $130 million in July. It did not address the report directly.

    Blumenthal also wants Howard Lutnick’s own records on Tether from his time at Cantor, including “any discussion of Tether with the White House or state and federal regulators, lobbying on Tether’s behalf.”

    Other requests cover Cantor’s know-your-customer policies (the checks a firm runs on who it does business with), whether it has ever weighed ending the relationship, and its communications with the President’s Council of Advisors on Digital Assets.

    Cantor has until Oct. 23 to respond, and the letter asks the firm to preserve every document, record and communication tied to its Tether relationship in the meantime.

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