sued

🚨Genesis LOC #sued DCG and CEO Barry Silbert, alleging fraud and self-dealing that led Genesis to bankruptcy. The #lawsuits seek over $3 billion in crypto and fiat assets for creditor distribution, citing mismanagement and deceptive transfers.

🚨MUSK’S xAI SUES ENGINEER FOR ALLEGEDLY TAKING #SECRETS TO OPENAI

🔹Elon Musk’s AI startup xAI has #sued former engineer Xuechen Li, accusing him of stealing trade secrets from its Grok chatbot and bringing them to OpenAI after selling $7M in xAI stock.

🔹The lawsuit, filed in 🇺🇸California, claims Li admitted to taking files and covering his tracks.

🔹Musk seeks damages and a restraining order, escalating the fierce AI talent and tech rivalry.

-ET, Reuters