Headline News
FTX Assets Recovery Update
By Ivy Heffernan1 min read
On November 11, FTX filed for bankruptcy, since then, billions have been reported lost. Today it was announced that $740 million has been recovered.
The assets recovered have been reported in court filings and BitGo is the custodial company in charge at the moment.
FTX used a lot of their money betting on their trading firm Alameda Research. To repair damages, CEO Bankman-Fried wanted to raise $8 Billion from new investors.
Users at FTX now fear for their assets that were stored on the exchange. The assets recovered are not only Bitcoin and Ethereum but a variety of smaller Cryptos as well.
Keep reading
Shayne Heffernan on Investments
Larry Fink Called It. CME Just Made It Real. The Compute Futures Market Has Arrived
Shayne Heffernan6 min
Shayne Heffernan on Investments
The Quantum-AI Convergence Is Real. The Quantum Stocks Aren't the Trade.
Shayne Heffernan16 min
Headline News
Saudi Arabia Climbs to 2nd in G20 ICT Regulatory Index
Shayne Heffernan2 min
Headline News
Knightsbridge Digital Asset: Expanding Use Cases in a Dynamic Financial Ecosystem
Shayne Heffernan2 min