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Canadian Mother Sues OpenAI, Alleging Chatbot Encouraged Daughter’s Suicide

Canadian Mother Sues OpenAI, Alleging Chatbot Encouraged Daughter’s Suicide

Authored by Jacob Burg via The Epoch Times,

A Canadian mother is suing OpenAI after its popular ChatGPT chatbot allegedly encouraged her daughter to continue engaging with the app after she revealed suicidal thoughts.

A screen showing the ChatGPT app. Oleksii Pydsosonnii/The Epoch Times

Instead of terminating these discussions or flagging her account for safety concerns, ChatGPT allegedly escalated the exchanges in the days before the woman ultimately took her life, according to a press release.

The Social Media Victims Law Center, Tech Justice Law, and the firm Susman Godfrey filed a lawsuit in San Francisco County Superior Court against OpenAI on June 11 on behalf of Kristie Carrier.

Her daughter, Alice Carrier, 24, committed suicide on July 2, 2025. After reviewing her daughter’s devices, Kristie Carrier said she had found extensive conversations with ChatGPT in which her daughter expressed thoughts of self-harm in the months before her death.

In the exchanges, her daughter allegedly told the chatbot that she was feeling isolated and discussed possible suicide methods. The lawsuit accuses ChatGPT of escalating these conversations in the days before the woman’s suicide, rather than terminating the exchange or flagging her account “for human intervention,” the press release states.

These exchanges allegedly encouraged Alice Carrier to continue engaging with ChatGPT, causing “her further isolation from her human support system and ultimately, suicide,” according to a press release.

“If a person came up to me, and they were clearly in distress and sharing their thoughts of suicide, I would be expected to help them, not encourage them to fixate on their depressive thoughts or isolate themselves,” Kristie Carrier said in the press release.

“The same should be true of OpenAI. Instead, OpenAI has chosen to put out a product that was unsafe, and that they knew was unsafe but they did so without any concern for the consequences of their choices. Sam Altman can continue to go about his life normally, but my life is missing a child. This is unacceptable,” she added.

OpenAI did not respond to a request for comment by publication time.

This is not the first time, nor the second time, a parent has sued OpenAI, accusing its chatbot of encouraging their child to commit suicide.

Last year, the Social Media Victims Law Center and the Tech Justice Law Project filed seven lawsuits against the AI giant, claiming ChatGPT had isolated multiple users from their support systems, and in some cases, coached the victims into taking their own lives.

Matthew Raine testified to Congress in September 2025 after suing OpenAI and its CEO, Sam Altman.

Raine alleged that his son, Adam, took his own life after ChatGPT mentioned suicide more than 1,200 times to the 16-year-old. He accused ChatGPT of offering specific methods to his son on how to die by suicide, and continuing to validate and encourage the boy’s feelings.

“As parents, you cannot imagine what it’s like to read a conversation with a chatbot that groomed your child to take his own life,” Raine told lawmakers at the time.

Justin Nelson, a partner at Susman Godfrey, said on June 11 that OpenAI’s “deliberate design decisions” led to Alice Carrier’s suicide.

“Instead of providing help, OpenAI encouraged suicidal behavior. This lawsuit is about accountability for OpenAI’s actions,” he said in the press release.

Tyler Durden
Sat, 06/13/2026 – 16:20

Watch: Humanoid Warbot Live-Fires Mortars At Vegas Test Range

Watch: Humanoid Warbot Live-Fires Mortars At Vegas Test Range

It is not just one-way attack drones (read JPMorgan report) operating on AI-enabled kill chains that human soldiers have to worry about on the modern battlefield. We have been laying out this story and were among the first to point out that humanoid robots are not only entering factory floors and warehouses, but are also moving toward the battlefield.

San Francisco-based robotics company Foundation Future Industries is developing a “dual-use” humanoid robot called the “Phantom MK1,” designed for heavy manufacturing, logistics, and the military.

The defense angle for the Phantom MK1 is quite simple: replace the human soldier with the robot for close-quarters battle (CQB) operations, including breaching and room-clearing support.

Beyond CQB, a never-before-seen video now shows the Phantom MK1 operating a mobile light mortar system during a live-fire training exercise in Las Vegas, Nevada.

Phantom MK1

To better understand the Foundation’s position, we reached out for comment. The company responded with the following statement:

The US military has backed Foundation in over $73M on grants and contracts to develop their robot to this point.

Although many of the use cases they’ve worked on have been logistics-focused, the ultimate goal has always been kinetic use cases. 

Although drones and UGVs have been promising new robots on the Ukrainian battlefield, humanoids are the only robot being built that promises to interact with the entire fleet and arsenal of human weapons and vehicles. 

Launching mortars and soon breaching doors have become near-term proofs of humanoids moving from logistics to kinetic engagements. 

Watch Phantom MK1

In February, we outlined that humanoid robots would soon move onto the modern battlefield, not just factory floors and warehouses. A little more than a month later, TIME picked up on that reporting. More recently, CNBC followed with a piece titled, “This Trump-linked startup plans to put humanoid robots in the military.”

Foundation co-founder and CEO Sankaet Pathak recently said that a humanoid-soldier arms race is “already happening,” as Russia and China develop dual-use technology.

Phantom MK1 Holding 9mm Pistol 

“Just like drones, machine guns, or any technology, you first have to get them into the hands of customers,” Pathak said.

You’re getting a front-row seat to what the 2030s battlefield will look like (read report). 

Tyler Durden
Sat, 06/13/2026 – 15:45

Trump Mulls Farmer Aid As Fertilizer And Fuel Costs Bite

Trump Mulls Farmer Aid As Fertilizer And Fuel Costs Bite

Authored by Owen Evans via The Epoch Times,

President Donald Trump said on Thursday that he is considering support for U.S. farmers struggling with high fertilizer prices, as rising energy costs and market volatility continue to squeeze producers across the farm belt.

A farm field near West Bend, Iowa, on May 6, 2026. Scott Olson/Getty Images

“I am looking at doing a form of help,” Trump told reporters at the White House, without giving details.

Farmers face pressure from fertilizer and fuel costs, both of which have been affected by the conflict with Iran and disruption around the Strait of Hormuz, a key route for global energy and fertilizer trade.

Fertilizer prices have eased from recent highs, with granular urea prices in New Orleans falling to $453.50 per short ton, their lowest level since Feb. 6, reported Bloomberg Green Markets on June 8.

That was down 36 percent from a mid-April peak.

The market remains vulnerable to disruption, particularly because urea is the most widely used nitrogen fertilizer and nearly half of global urea exports come from countries affected by the Middle East conflict.

High fuel prices have also hit farmers.

Diesel prices reached record highs in parts of the Midwest in May, including Indiana and Illinois, due to the Iran war. Grain and soybean farmers are especially exposed because diesel is needed for tractors, combines, irrigation, and crop transport.

The pressure in farming has become a heated political issue in Washington.

At a Senate Agriculture Committee hearing on June 10, Sen. Raphael Warnock (D-Ga.) challenged Agriculture Secretary Brooke Rollins over whether Trump administration policies had increased farmers’ costs.

“Georgia farmers are telling me that they continue to struggle with high costs, costs exacerbated by President Trump’s war in Iran, and his tariffs – which is a tax on all of us on virtually everything,” Warnock said.

Warnock said that the administration had lowered tariffs on some farm equipment and asked whether that move was an acknowledgement that tariffs had raised the cost of farming.

However, Rollins defended the administration’s record, saying it was working to reduce the agricultural trade deficit.

“We’re cutting that $50 billion agricultural trade deficit in half that we inherited a year and a half ago,” she said.

Warnock pressed again, asking whether tariffs had increased costs for farmers, saying Rollins was “forecasting” future results rather than answering the question.

Rollins said that the Trump administration is “reshoring fertilizer back to America.”

“In two or three weeks, we’re going to break ground in Louisiana on what will be the largest fertilizer plant in the world,” she said.

In May, farmers called for emergency relief and adoption of key bills to stem soaring fertilizer costs.

“American farmers are price-takers on both ends, paying monopoly prices for inputs they must buy, then accepting commodity prices they cannot control, with no pricing power on either side,” Sen. Roger Marshall (R-Kan.) said during a May 12 Senate Agriculture, Nutrition, and Forestry Committee hearing.

“That’s not a market. It’s a trap for the American farmers.”

“Simply put, farmers need more competition in this marketplace,” South Dakota Corn Growers Association president Trent Kubik said.

“Federal antitrust laws exist for precisely this reason – to promote and sustain competition, the lifeblood of our economy.

“Increased competition for more participants in the fertilizer manufacturing space is the only thing that can deliver meaningful and durable price relief.”

The concern is not limited to the United States.

European Agriculture Commissioner Christophe Hansen said this week that Europe needs long-term fertilizer solutions to avoid food shortages.

“We need to do our homework as well and address the issues to make fertilizers not only available but also affordable, because, otherwise, there will be food shortages in the European Union,” Hansen told Euronews on June 10.

He said many European farmers were considering not planting because production had become too expensive and they could not easily pass on the costs.

Reuters and John Haughey contributed to this report.

Tyler Durden
Sat, 06/13/2026 – 15:10

Former NIH Head Secretly Helped With Paper Dismissing Theory COVID-19 Came From Lab

Former NIH Head Secretly Helped With Paper Dismissing Theory COVID-19 Came From Lab

Authored by Zachary Stieber via The Epoch Times,

Then-National Institutes of Health (NIH) Director Dr. Francis Collins, around the start of the COVID-19 pandemic, acknowledged that he secretly assisted with a paper stating the virus that causes COVID-19 “is not a laboratory construct or a purposefully manipulated virus,” according to a newly released missive.

Dr. Francis Collins speaks in Washington on Sept. 9, 2020. Michael Reynolds/Getty Images

“This is work that Tony, Jeremy, Larry, and I helped with, but are appropriately not mentioned explicitly in the paper,” Collins said in the March 6, 2020, email to NIH officials, which was released by Sen. Rand Paul (R-Ky.) on June 11.

Tony refers to Dr. Anthony Fauci, the longtime head of the NIH’s National Institute of Allergy and Infectious Diseases through late 2022. Jeremy refers to Jeremy Farrar, at the time the director of the Wellcome Trust. Larry refers to Dr. Lawrence Tabak, an NIH official.

Collins noted the conclusion that stated, “The analysis of public genome sequence data from SARS-CoV-2 and related viruses found no evidence that the virus was made in a laboratory or otherwise engineered.” SARS-CoV-2 is the coronavirus that causes COVID-19.

The first COVID-19 cases appeared in Wuhan, China, in 2019, near a laboratory that was conducting enhanced experiments on coronaviruses funded by the NIH.

Collins was responding to an email from Kristian Andersen, one of the authors of the paper, which was titled “The Proximal Origin of SARS-CoV-2.” Andersen and other scientists said in the paper, published on March 17, 2020, in Nature Medicine, that they analyzed data and concluded that it came from nature.

To date, no natural source has been identified for the virus. The Trump administration maintains the virus came from the Wuhan lab.

The paper did not mention any contributions from Collins, Fauci, Tabak, or Farrar, who made at least one critical change to the document, according to emails released by lawmakers in 2023. It thanked American virologist Michael Farzan “for discussions” and the Wellcome Trust “for support.” Nature did not return a request for comment by the time of publication. Collins did not respond to a request for comment.

Collins told lawmakers in 2024 that his role “was for information, not for me to edit,” that he never edited or suggested edits to the paper, and that, to his knowledge, neither did Fauci or Farrar. He also said he is not a virology expert.

Change In Stance

Early drafts of the paper had the authors stating that it was possible that the virus came from a lab. In private messages, since made public, the authors also said that characteristics of the virus indicated it was manmade. They have defended the changes in their stances as being driven by evidence.

In the newly released emails, Andersen, who has said that the paper was “prompted” by Collins, Fauci, and Farrar, had written to the trio.

“Thank you again for your advice and leadership as we have been working through the SARS-CoV-2 ‘origins’ paper,” he said.

He told them he welcomed comments, suggestions, and questions about the paper, which had just been accepted for publication.

Collins said in a previously released email to Fauci, Tabak, and others in April 2020 that he was wondering whether the NIH could “help put down this very destructive conspiracy,” linking to an article alleging the pandemic started in a lab in Wuhan.

“I hoped the Nature Medicine article on the genomic sequence of SARS-CoV-2 would settle this,” he said. “But probably didn’t get much visibility. Anything more we can do?“

Collins told lawmakers in 2024 that in the email, “I meant that we should do what we can to get the truth out there, as opposed to statements that were reckless and speculative that were not based on evidence.” He said that the possibility that the virus came from the lab, whether it originated there or not, was not a conspiracy theory.

Fauci Shared Another Paper

Fauci, who has denied allegations that Proximal Origins was written to disprove the lab origin theory, met on multiple occasions with intelligence officials in 2020 and 2021. James Erdman III, a CIA operations officer, told Paul and other senators in May that Fauci provided a list of experts to whom the intelligence community (IC) should talk, and that the list included the Proximal Origins authors.

“Dr. Anthony Fauci influenced the IC’s analytic process and COVID origin’s findings by leveraging his position to ensure the IC consulted with a conflicted list of curated Subject Matter Experts (SME), public health officials, and scientists,” Erdman said.

Fauci has not returned emails seeking comment on Erdman’s testimony and the missives Paul just released.

One of those emails showed Fauci wrote to Beth Cameron, a National Security Council official, on July 8, 2021, a day after he took part in a council briefing.

“The article accessible from the link in the subject line above just came out as a ‘preprint’ yesterday. It is from a group of highly qualified virologists,” Fauci wrote. “Please show it to your team. It summarizes what I said yesterday.”

The article, titled “The Origin of SARS-CoV-2,” included Farrar and Anderson as coauthors. The authors said that there was “currently no evidence that SARS-CoV-2 has a laboratory origin” while there was evidence supporting links to animal markets in Wuhan.

Fauci “was pushing the natural-origin story while secretly getting classified briefings on the actual origins,” Paul wrote in a post on X. “The American people were told one story. These documents – and a CIA officer’s sworn testimony – tell another,” he added in a follow-up post.

Tyler Durden
Sat, 06/13/2026 – 14:00

“Swift And Lethal”: U.S. Southern Command Eliminates Tren De Aragua Kingpin In Venezuela

“Swift And Lethal”: U.S. Southern Command Eliminates Tren De Aragua Kingpin In Venezuela

Secretary of War Pete Hegseth revealed late Friday that U.S. forces, working in coordination with Venezuelan security services, conducted a kinetic strike on a Tren de Aragua compound inside Venezuela, killing the foreign terrorist organization’s leader, Niño Guerrero.

The decapitation strike is part of the Trump administration’s Western Hemisphere defense posturing of purging the Americas of transnational narco-terror networks and should put renewed focus on how TdA-linked gangsters are embedded inside the US, thanks to the Biden-Harris regime’s nation-killing open orders.

“Earlier this week, the @DeptofWar — in full collaboration with Venezuelan security forces — conducted a kinetic strike on a Tren de Aragua (TdA) compound in Venezuela. TdA founder & leader Hector Rusthenford Guerrero Flores, aka “Niño Guerrero,” was confirmed killed during the strike,” Hegseth wrote on X.

He added, “The operation underscores the shared U.S. and Venezuelan commitment to take the fight to narco-terrorists and deny them any safe haven in our hemisphere. We will continue to work closely with security partners, like Venezuela — and counties in the Americas Counter Cartel Coalition (A3C) partners — to take the fight to our enemies.”

Guerrero, 43, had been indicted in New York on racketeering, terrorism, drug smuggling, and related charges. U.S. authorities had offered a $5 million reward for information leading to his arrest. Prosecutors accused him of running TdA like a multinational crime syndicate, including laundering money through crypto, trafficking drugs and weapons, and directing violence across borders.

Federal prosecutors have associated TdA gangsters and affiliates with a sprawling criminal network that includes drug trafficking, firearms trafficking, sex trafficking, kidnapping, robbery, theft, fraud, extortion, and much more.

Related:

Odd move by Democratic lawmakers… 

Last month, the Department of Justice said that TdA members and associates had been identified or arrested in Colorado, Tennessee, New York, Florida, Illinois, New Mexico, Washington, Georgia, Nebraska, Texas, and elsewhere. 

The U.S. National Counterterrorism Center recently warned that the TdA presence in the U.S. operates as a decentralized transnational gang network, with more autonomous local leaders and fragmented cells after the group expanded beyond Venezuela and invaded the U.S under open borders.

Along with TdA and the removal of the Maduro regime in Venezuela, the U.S. has been escalating the fight against drug cartels in Mexico.

The U.S.-Mexico cartel fight has shifted from drug interdiction to counterterrorism-style operations, with US military and intelligence support helping Mexican special forces map, isolate, and dismantle command and control nodes of cartels before they can regenerate. Reuters previously reported that U.S. officials wanted Special Operations troops or CIA officers to accompany Mexican soldiers on raids against suspected fentanyl labs, while a newly formed U.S. military-led Joint Interagency Task Force-Counter Cartel reportedly aided Mexico’s hunt for CJNG boss El Mencho through intelligence and target-package support.

Beyond purging FTOs and drug cartels from the Americas, the Trump administration has also played a crucial part in shifting the political landscape in countries from far-left leaders and unhinged socialists to center or, in Argentina’s case, libertarian-right.

Related: 

Trump’s emerging strategy is clear: clean up the Western Hemisphere, purge cartels and socialists and Marxists, and ensure China does not gain ground.

One threat assessment question: whether the decapitation strike could raise the risk of TdA-linked retaliation inside the U.S. 

Tyler Durden
Sat, 06/13/2026 – 13:25

President Trump Says Iran Peace Deal To Be Signed Sunday, Will Open Strait To All

President Trump Says Iran Peace Deal To Be Signed Sunday, Will Open Strait To All

Summary:

  • President Trump confirms that he is expecting to sign the US-Iran peace deal tomorrow (Sunday), opening the Strait to all

  • Pakistan PM confirms US and Iran have ​agreed to the final text of the agreement

  • IRGC continues to push back against deal

President Trump Says Iran Peace Deal To Be Signed Sunday, Will Open Strait To All

President Trump said a long-awaited deal to end the war in the Middle East is scheduled to be signed on Sunday, paving the way for the opening of the strategic Strait of Hormuz.

In a statement issued through Truth Social, President Trump first took a shot at President Obama:

Barack Hussein Obama’s Deal with Iran, the JCPOA, was an easy, beautiful, smooth road to a Nuclear Weapon, which Iran would have had six years ago, and would have used long before now.

Then explained why his deal is different:

My Agreement with Iran is the exact opposite, A WALL TO NO NUCLEAR WEAPON!

In fact, they no longer want a Nuclear Weapon, nor will they have one, either through purchase, development, or any other form of procurement.

The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL.

Building relationships:

Our relationship with Iran is a much different and better one than previous Administrations have had.

Unlike Obama’s Hundreds of Billions of Dollars in payments to them, including 1.7 Billion Dollars in green, cold cash, no money will exchange hands.

We look forward to working with Iran, and the entire Middle East, long into the future.

About the nuclear dust:

At the appropriate time, when all is calm, we will go in and get the Nuclear Dust, buried deep under the powerful sunken granite mountains, thanks to our beautiful B-2 Bombers and their brilliant pilots, and downblend and destroy it, whether in Iran, or the United States.

…

Hopefully, this process will all work out quickly, easily, and smoothly.

If it doesn’t, we have the ultimate alternative, hopefully never to be used again!

Trump’s statement, however, ran counter to Iran’s foreign ministry which indicated earlier in the day that the deal would not be signed Sunday, according to state media reports.

We shall see…

Iran Peace Deal Signing Expected Within 24 Hours, Technical Talks To Follow, Pakistan’s Sharif Says

After Friday witnessed a rare moment of agreement between Tehran and Washington saying that indeed a peace deal Memorandum of Understanding (MoU) is indeed ‘very close’ – there’s been more color issued by Pakistan.

The country’s Prime Minister Shehbaz ​Sharif said that the United States and ​Iran have ​agreed to the final text of the agreement, but that curiously Pakistan is now preparing for an electronic ​signing ​expected ⁠within the next 24 ​hours.

Is this going to be history’s first Docusigned peace agreement? 

Sharif further indicated this signing will be followed by ​technical-level ⁠talks this upcoming week – but this is definitely where the proverbial devil will be in the details. 

Contained within the MoU signing will reportedly be an extension of the April 7 ceasefire by 60 days, during which the Strait of Hormuz would gradually reopen – or we should say that this is at least the very optimistic version of things, given that Tehran still insists that its military is in control of the Strait, which the Pentagon has flatly rejected is a a reality.

So Iran is seeking to hold on tightly to its obvious geographic leverage, while the US is rejecting that this is the case at all.

Another interesting possibly point of contention – but which looks to be merely papered over for now – is the status of the nuclear file, which has long been a major point of fierce contention.

Iranian Foreign Minister Abbas Araghchi made clear Friday Iran’s understanding that terms dealing with the country’s nuclear program would be finalized in the 60 days after the initial agreement is signed. So in essence, this means Iran could get its wish of pushing nuclear negotiations back, only after the hot conflict has clearly ended. Iran has long sought to separate the issues of a final end to the war from consideration of its nuclear program.

Importantly Araghchi indicated the two sides could extend the 60-day period further, and a yet a lot could go wrong in such an extended interim. Still, it remains that Washington – and certainly the American public – doesn’t have the appetite for an escalation that would lead to a boots-on-the-ground scenario complete with full regime change operations (and this means almost inevitable nation-building).

CNN earlier floated the possibility of peace being firmed up in a formal ceremony held in Geneva. The following Saturday report seems to lend credence to this as an impending scenario:

The foreign ministers of Pakistan and Switzerland expressed hopes of a breakthrough in peace negotiations to end the US war with Iran during a Saturday phone call, according to Islamabad’s Foreign Ministry. 

Though no further details were offered, the sides said they hoped the effort would contribute to regional peace and stability.

Pakistani Foreign Minister Ishaq Dar and Swiss Foreign Minister Ignazio Cassis reportedly agreed to maintain close contact ahead of talks expected to take place prior to an upcoming G7 summit in nearby Evian, France, from June 15-17.

IRGC and Deep Rifts Remain In iran

Meanwhile, The Wall Street Journal is again alleging a familiar US narrative – that there are deep rifts within Iran over just how to respond to US deal-making efforts. The question is to what degree the civilian leadership actually holds the power to make final decisions, or also how tight a grip the IRGC holds over this process.

“Iran faces its own political dilemma in selling a deal to hard-liners in the Islamic Revolutionary Guard Corps, who are steadfastly opposed to giving in to Trump’s demands for limits on its nuclear program, especially without upfront concessions from Washington,” WSJ writes. “But it has absorbed damage during the war and from the U.S. blockade of the Persian Gulf, pushing Tehran toward an agreement.”

In the meantime peace and red lines are still being hotly tested:

U.S. forces shot down multiple Iranian one-way attack drones heading toward the Strait of ​Hormuz, a source familiar with the ⁠matter told Reuters ​on Friday, in the latest ⁠military flare-up even as Washington and Tehran cite progress in peace ​talks.

The source, who ‌spoke on condition ‌of anonymity, said the drones had posed a ⁠threat to ‌commercial traffic.

President ⁠Donald Trump had ⁠warned ⁠Iran earlier on Friday against firing ‌more drones at ships attempting to transit ‌the Strait, ​saying ‌Tehran “better get their act together, and FAST!”

Iran’s strategy has been to smell blood in the water and capitalize – sensing a bit of White House panic (the longer this drags on… quagmire being a key dreaded word), and so it has an interest in prolonging the economic pain and global energy shock toward exacting a pound of flesh from the Trump administration (so long as the Islamic Republic itself can survive the stand off). 

Tyler Durden
Sat, 06/13/2026 – 13:00

Court Denies SBF’s Last-Ditch Effort To Toss Conviction, Leaving Trump As His Only Hope

Court Denies SBF’s Last-Ditch Effort To Toss Conviction, Leaving Trump As His Only Hope

FTX co-founder Sam Bankman-Fried will remain in PMITA prison for the foreseeable future, after a federal appeals court rejected a hail-mary attempt to overturn his fraud conviction and 25-year prison sentence on the grounds that he didn’t receive a fair trial. 

A three-judge panel on Friday unanimously refused to toss his 2023 guilty verdict, which SBF’s attorneys argued was tainted by improper evidentiary rulings and a biased judge – which is hilarious because Judge Lewis Kaplan is a Clinton-appointed judge who oversaw the E. Jean Carroll v. Trump Bergdorf Goodman ‘fingering’ trial – where despite Carroll not being able to remember the year it allegedly happened, and the Jury ruling “no” as to whether Trump raped Carroll, Kaplan went leeroy jenkins and awarded her $5 million.

“The government’s evidence against him was, conservatively stated, robust,” Judge Barrington Parker wrote for the panel.

As the Epoch Times notes further, Bankman-Fried was found guilty by a New York jury in November 2023 on seven counts of fraud and conspiracy tied to the collapse of FTX, once one of the world’s largest digital-asset trading platforms.

The company collapsed in a matter of days in November 2022 after reports about the financial ties between FTX and Alameda Research, a crypto trading firm also founded by Bankman-Fried. Those reports showed that Alameda held a large amount of FTX’s own token, raising questions about the company’s financial stability and triggering a wave of customer withdrawals.

The collapse sent shockwaves through the broader crypto market, driving the total value of digital assets down from an all-time high of about $3 trillion in late 2021 to roughly $800 billion by the end of 2022.

Federal prosecutors described Bankman-Fried’s scheme as one of the largest financial frauds in American history. They said the evidence showed that while he assured investors, regulators, and the public that FTX customer funds were safe, he secretly transferred billions of dollars from customer accounts to Alameda and other entities.

Prosecutors said Bankman-Fried then used those funds to make investments unrelated to FTX customer deposits, cover Alameda’s losses, and finance other spending, while falsifying business records to conceal the transactions.

He was later sentenced to 25 years in federal prison.

His attorney did not immediately respond to a request for comment.

The ruling comes as Bankman-Fried has formally submitted a pardon request to President Donald Trump, according to information posted on the Department of Justice Office of the Pardon Attorney website.

The exact date of the filing is unclear, but the website states that a request for a “pardon after completion of sentence” was submitted in 2026 and remains pending.

In an interview with Fox Business from prison earlier this week, Bankman-Fried said he “absolutely” wants a pardon, though he acknowledged that the decision is “ultimately up to the president, not up to me.”

The White House did not respond to a request for comment on that matter.

Trump, meanwhile, said in a January interview with The New York Times that he was not interested in pardoning a list of high-profile figures that included Bankman-Fried. When asked about Bankman-Fried, Trump replied, “I don’t know him at all.”

Tyler Durden
Sat, 06/13/2026 – 12:15

India Caps Fuel Sales To Avoid Shortages

India Caps Fuel Sales To Avoid Shortages

Submitted by Irina Slav of OilPrice.com

India has imposed limits on gasoline and diesel sales at retail fuel stations to avoid supply crunches, with commercial consumers banned from buying any fuel from retail stations, Bloomberg reported, noting there will be daily limits on diesel sales.

The diesel cap was set at 200 litres per vehicle or customer, with resale of the fuel forbidden, Reuters noted in a report on the news. Commercial users, meanwhile, will have to get their fuels from bulk sellers after their rush to retail fuel stations drained some of them. Fuels are cheaper at retail stations to shield consumers from the oil price shock.

The limits will be in effect for an initial period of 90 days, per the government order that instituted them. They can be canceled earlier, however, the document also said.

Since the war in the Middle East began and cut off over 40% of India’s crude oil flows, those that passed through the Strait of Hormuz, one of the highest-flying economies in Asia, have seen their oil import bill soar, investors fleeing the capital market, and the local currency plunging to an all-time low against the U.S. dollar.

As a result, the world’s third-largest crude importer saw its wholesale inflation jump to 8.3% in April from a year earlier, significantly accelerating from 3.88% annual inflation in March, driving wholesale fuel prices higher. These surged in April, with gasoline prices up by 32.4% and diesel prices up by 25.19%. That’s up from a monthly rise of 2.5% for gasoline in March, and 3.62% for diesel. For May, inflation is seen rising by 4% as a result of the energy price surge, with wholesale inflation soaring by over 9%.

Because of the energy flow disruption, India ended a four-year freeze on fuel prices, hiking them four times in the space of a single month.

Tyler Durden
Sat, 06/13/2026 – 11:40

Northeast Heat Wave Arrives As World Cup Matches Get Underway

Northeast Heat Wave Arrives As World Cup Matches Get Underway

As the World Cup starts, a prolonged spell of summer heat is expected to grip New York and much of the Northeast through the end of the week and into the weekend.

Daytime temperatures are forecast to reach the 90s across several major cities, while high humidity will make conditions feel even hotter, according to Bloomberg.

Forecasters expect the most intense heat on Thursday and Friday, when heat alerts will be in place across large parts of the region. Multiple cities along the East Coast could see daily temperature records challenged or broken as the unusually warm air mass spreads across the area.

The timing coincides with the start of several FIFA World Cup matches in the Northeast, including games scheduled in New Jersey, Massachusetts, and Pennsylvania. While temperatures are expected to ease somewhat after sunset, spectators and athletes may still face hot and uncomfortable conditions during evening events.

Bloomberg writes that the heat is also expected to drive up electricity consumption as households and businesses rely more heavily on air conditioning. Transportation networks could experience disruptions as well, since extreme temperatures can affect rail infrastructure and overhead power systems, leading to slower train service.

Elsewhere, a separate weather system is creating risks across parts of the Midwest. Forecasters have warned that strong thunderstorms could bring damaging winds, large hail, isolated tornadoes, and localized power outages, potentially affecting travel and other infrastructure.

Tyler Durden
Sat, 06/13/2026 – 11:05

Endgame Finally? Iran Peace Deal Signing Expected Within 24 Hours, Technical Talks To Follow, Pakistan’s Sharif Says

Endgame Finally? Iran Peace Deal Signing Expected Within 24 Hours, Technical Talks To Follow, Pakistan’s Sharif Says

After Friday witnessed a rare moment of agreement between Tehran and Washington saying that indeed a peace deal Memorandum of Understanding (MoU) is indeed ‘very close’ – there’s been more color issued by Pakistan.

The country’s Prime Minister Shehbaz ​Sharif said that the United States and ​Iran have ​agreed to the final text of the agreement, but that curiously Pakistan is now preparing for an electronic ​signing ​expected ⁠within the next 24 ​hours.

Is this going to be history’s first Docusigned peace agreement? 

Sharif further indicated this signing will be followed by ​technical-level ⁠talks this upcoming week – but this is definitely where the proverbial devil will be in the details. 

Contained within the MoU signing will reportedly be an extension of the April 7 ceasefire by 60 days, during which the Strait of Hormuz would gradually reopen – or we should say that this is at least the very optimistic version of things, given that Tehran still insists that its military is in control of the Strait, which the Pentagon has flatly rejected is a a reality.

So Iran is seeking to hold on tightly to its obvious geographic leverage, while the US is rejecting that this is the case at all.

Another interesting possibly point of contention – but which looks to be merely papered over for now – is the status of the nuclear file, which has long been a major point of fierce contention.

Iranian Foreign Minister Abbas Araghchi made clear Friday Iran’s understanding that terms dealing with the country’s nuclear program would be finalized in the 60 days after the initial agreement is signed. So in essence, this means Iran could get its wish of pushing nuclear negotiations back, only after the hot conflict has clearly ended. Iran has long sought to separate the issues of a final end to the war from consideration of its nuclear program.

Importantly Araghchi indicated the two sides could extend the 60-day period further, and a yet a lot could go wrong in such an extended interim. Still, it remains that Washington – and certainly the American public – doesn’t have the appetite for an escalation that would lead to a boots-on-the-ground scenario complete with full regime change operations (and this means almost inevitable nation-building).

CNN earlier floated the possibility of peace being firmed up in a formal ceremony held in Geneva. The following Saturday report seems to lend credence to this as an impending scenario:

The foreign ministers of Pakistan and Switzerland expressed hopes of a breakthrough in peace negotiations to end the US war with Iran during a Saturday phone call, according to Islamabad’s Foreign Ministry. 

Though no further details were offered, the sides said they hoped the effort would contribute to regional peace and stability.

Pakistani Foreign Minister Ishaq Dar and Swiss Foreign Minister Ignazio Cassis reportedly agreed to maintain close contact ahead of talks expected to take place prior to an upcoming G7 summit in nearby Evian, France, from June 15-17.

Meanwhile, The Wall Street Journal is again alleging a familiar US narrative – that there are deep rifts within Iran over just how to respond to US deal-making efforts. The question is to what degree the civilian leadership actually holds the power to make final decisions, or also how tight a grip the IRGC holds over this process.

“Iran faces its own political dilemma in selling a deal to hard-liners in the Islamic Revolutionary Guard Corps, who are steadfastly opposed to giving in to Trump’s demands for limits on its nuclear program, especially without upfront concessions from Washington,” WSJ writes. “But it has absorbed damage during the war and from the U.S. blockade of the Persian Gulf, pushing Tehran toward an agreement.”

In the meantime peace and red lines are still being hotly tested:

U.S. forces shot down multiple Iranian one-way attack drones heading toward the Strait of ​Hormuz, a source familiar with the ⁠matter told Reuters ​on Friday, in the latest ⁠military flare-up even as Washington and Tehran cite progress in peace ​talks.

The source, who ‌spoke on condition ‌of anonymity, said the drones had posed a ⁠threat to ‌commercial traffic.

President ⁠Donald Trump had ⁠warned ⁠Iran earlier on Friday against firing ‌more drones at ships attempting to transit ‌the Strait, ​saying ‌Tehran “better get their act together, and FAST!”

Iran’s strategy has been to smell blood in the water and capitalize – sensing a bit of White House panic (the longer this drags on… quagmire being a key dreaded word), and so it has an interest in prolonging the economic pain and global energy shock toward exacting a pound of flesh from the Trump administration (so long as the Islamic Republic itself can survive the stand off). 

Tyler Durden
Sat, 06/13/2026 – 10:30