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Search resuls for: "Justin Sun"


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He is seeking the remainder from other funds, including current investors in FTX such as venture capital fund Sequoia Capital, the source added. Bankman-Fried told investors that Alameda owes FTX about $10 billion, the Wall Street Journal reported. FTX had lent more than half of its customer funds to Alameda, the newspaper said. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with knowledge of the inquiry. Canada's Ontario Teachers Pension Plan, Tiger Global and Japan's Softbank are also FTX investors.
Almost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. blockchain researcher Chainalysis. The scale of Binance's Iranian crypto flows – and the fact that they are continuing – has not been previously reported. The total volume of Iranian transactions flowing through Binance is far greater than through any other exchange, the data show. The vast majority of the $8 billion in Iranian crypto transactions identified by Reuters involved the main Binance exchange. This October, the Treasury fined Seattle-based crypto exchange Bittrex $24 million for violating sanctions on Iran and other countries by processing crypto transactions worth over $260 million.
Billionaire hedge fund boss Ken Griffin paid $8 million for a seat on a Blue Origin space flight. The $8 million Griffin paid represents a $20 million price drop from the first ticket sold for a crewed Blue Origin spaceflight — although one of the passengers on the first flight was Blue Origin founder Jeff Bezos. Blue Origin didn't immediately respond to Insider's request for comment. A Blue Origin ticket includes training days, on-site accommodation at Astronaut Village in the Texas desert, and the actual flight itself, Insider previously reported. On Monday, Blue Origin announced the passengers for its fifth crewed launch to the edge of space.
Sun attending a business school founded by Alibaba executive chairman Jack MaSun with Alibaba's Jack Ma. Instagram/Justin SunSun's oldest photo on Instagram shows him receiving a certificate from Ma. Sun was the youngest member of the inaugural class at Hupan University, a Chinese business school founded by Ma in 2015, according to the South China Morning Post. Ma recruited 30 students who he believed could revolutionize the Chinese business world. Sun wrote his thesis on the blockchain industry, titled "The Birth of a Decentralized Internet," SCMP said.
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