Tag Archives: ftx

CoinspeakerSaudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio Saudi Arabia's investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments. Saudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio

CoinspeakerFTX Seeks Exclusion of Dubai Unit from US Bankruptcy Proceedings The attorneys claimed that FTX Dubai has a solvent balance sheet. FTX Seeks Exclusion of Dubai Unit from US Bankruptcy Proceedings

CoinspeakerFormer FTX CEO’s Defense Slams DOJ’s Attempt to Revoke Bail The DOJ claims that Bankman-Fried's actions amounted to witness tampering and obstruction of justice and that he should be remanded. Former FTX CEO’s Defense Slams DOJ’s Attempt to Revoke Bail

CoinspeakerSequoia Capital Navigates Market Challenges with Reduction of Cryptocurrency and Ecosystem Funds A noteworthy aspect of Sequoia Capital's approach is the strategic shift towards supporting younger startups, diverting attention from larger companies. Sequoia Capital Navigates Market Challenges with Reduction of Cryptocurrency and Ecosystem Funds

The identities of customers affected by last November’s FTX collapse can stay hidden per a bankruptcy judge in Delaware. Judge John Dorsey – the man overseeing the case involving the now notorious exchange’s asset liquidation process – says all names of former traders associated with the firm fall under the category of “trade secrets.” FTX Customers Can Stay Out of the Public Eye He explained in a recent interview: It’s the customers that are the most important...

CoinspeakerUS DoJ Accuses Sam Bankman-Fried of Leaking Ellison’s Diary to Press The DoJ said that SBF was trying to discredit Ellison, who has already pleaded guilty of the charges and showed willingness to cooperate in the investigation. US DoJ Accuses Sam Bankman-Fried of Leaking Ellison’s Diary to Press

CoinspeakerFTX Exchange Files to Reclaim $71M from Its Philanthropic and Life Science Subsidiaries  FTX's new administration has continued to make significant efforts to reclaim funds the former CEO spent during his time at the firm. FTX Exchange Files to Reclaim $71M from Its Philanthropic and Life Science Subsidiaries 

CoinspeakerCrypto Soars to Yearly Highs amid XRP Fueled Sentiment Bitcoin (BTC), the world’s largest cryptocurrency, reached its highest price since June 2022, touching $31,818 on the Bitstamp exchange. Crypto Soars to Yearly Highs amid XRP Fueled Sentiment

Not long ago, Sam Bankman-Fried – the former crypto billionaire behind the now fallen digital exchange FTX – said he was requesting that as many as ten separate criminal charges he’s facing be thrown out. However, prosecutors describe this motion as “meritless,” and say they’re not only going to pursue all charges, but that it’s likely he’ll face penalties for many of them. Sam Bankman-Fried Isn’t Getting off that Easily Right now, among the many criminal...

CoinspeakerTemasek Records 5% Decline in Annual Shareholder Return Temasek adopted a cautious approach and slowed down its investment pace, with a net investment of $3 billion in the 12 months ending March 31. Temasek Records 5% Decline in Annual Shareholder Return