FTX's bankruptcy team is struggling to track down all of the cryptocurrency exchange's assets after it collapsed and filed for Chapter 11 on Nov. 11. In a bankruptcy court hearing Tuesday, a FTX lawyer said a substantial amount of assets are either missing or stolen, the Wall Street Journal reported. X The company's new management is trying to chase down and retrieve at least some of the billions of dollars […]
FTX Assets Still Missing as Firm Begins Bankruptcy Process The New York TimesFTX lawyer calls this case 'a different sort of animal' in first bankruptcy hearing CNBCFTX heads to a Delaware courtroom as the biggest crypto bankruptcy case yet gets underway CNBC TelevisionFTX lawyer says 'substantial amount' of assets are either stolen or missing CNNView Full Coverage on Google News Source link
‘This is crypto extinction’: Peter Schiff predicted the 2008 financial crash — now he sees the total destruction of digital currencies very soon. Here are 3 assets he likes insteadWith the massive pullback in cryptocurrency prices and the collapse of crypto exchange FTX, the term “crypto winter” is now making headlines.But Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, doesn’t believe that’s an accurate term to describe […]
New York CNN Business — In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX, saying the company’s problems were “beyond our control or ability to help.” Binance, the world’s largest crypto exchange, said it reviewed FTX’s finances as part of the due diligence process, and it cited reports of “mishandled customer funds and alleged US agency investigations” in announcing the deal […]
CNN — The Justice Department announced charges Monday against six Chinese citizens, including five alleged spies, accused of working on behalf of the Chinese government to recruit US citizens as sources and undermine the federal prosecution against a major Chinese company. According to charging documents, the Chinese telecommunications company was facing federal prosecution in Brooklyn, New York. Though the indictment does not name the company, a person familiar with the […]
Oct 13 (Reuters) - BlackRock Inc (BLK.N) posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations.The threat of a recession, surging interest rates and the Ukraine crisis have slammed both bonds and stocks this year, keeping investors on the back foot […]
Queen Elizabeth II, who died on Thursday at Balmoral Castle in Scotland at age 96, leaves behind assets worth $88 billion of the British Monarchy as estimated in 2017. Where it now goes is the question. The British Monarchy was valued at roughly $88 billion in 2017, according to brand valuation consultancy firm Brand Finance. The Queen's personal wealth is closer to $500 million from investments, art, jewels and real […]
Sign for J.P. Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York.Mike Kemp | Getty ImagesLONDON – As lockdowns ease and regulatory pressures subside, some of the headwinds facing Chinese stocks are set to recede, according to JPMorgan.Chinese markets have been beaten up over the last 15 months, as the country's […]
