DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Summer Zhen Vidya Ranganathan"


2 mentions found


☆ Further details emerge on FTX bankruptcy and missing funds
  + stars: | 2022-11-12 | by ( Summer Zhen Vidya Ranganathan | Summer Zhen | Vidya Ranganathan | ) www.reuters.com   time to read: +4 min
loadingIn a follow-up tweet, FTX said subsidiaries LedgerX LLC, FTX Digital Markets, FTX Australia Pte Ltd, FTX Capital Markets, Embed Financial Technologies and Embed Clearing were not included in the Chapter 11 filings. People familiar with the matter told Reuters at least $1 billion of customer funds have vanished from FTX. The nine days of turmoil hit already-struggling cryptocurrency markets, sending bitcoin to two-year lows . Its CEO Brian Armstrong told CNBC crypto markets need regulation to avoid more washouts like FTX. This is the primary way financial markets could suffer, as it may have further minor implications for portfolio shocks in a volatile macro regime."
☆ FTX hit by rogue transactions, analysts saw over $600 million outflows
  + stars: | 2022-11-12 | by ( Summer Zhen Vidya Ranganathan Elizabeth Howcroft | Summer Zhen | Vidya Ranganathan | ) www.reuters.com   time to read: +5 min
The firm's founder Sam Bankman-Fried had transferred $10 billion of customer funds to his trading company, Alameda Research, the sources said. Blockchain analytics firm Nansen said it saw $659 million in outflows from FTX International and FTX U.S. in the last 24 hours. In January, FTX had raised $400 million from investors at a $32 billion valuation. "Over four years, FTX raised $1.8 billion from venture capital and pension funds. In its bankruptcy petition, FTX Trading said it has $10 billion to $50 billion in assets, $10 billion to $50 billion in liabilities, and more than 100,000 creditors.
0 next >>
Total: 2