Bankrupt Assets

Latest News for: Bankrupt assets

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Sui developer Mysten Labs agrees to buy back FTX assets for 12.5 billion yen

OBN 24 Mar 2023

The crypto asset (virtual currency) exchange FTX, which went bankrupt in 2022, has agreed to an asset buyback agreement with Mysten Labs, which leads the development of Diem (formerly Libra) L1 blockchain “Sui” ... FTX said it has concluded that this agreement is the best way for the debtor’s assets and creditors at this time.

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Once mighty Steinhoff nears end of days after shareholders reject debt plan

Independent online (SA) 24 Mar 2023

The group’s debts exceed its assets by €3.5bn. “As things stand, we are on the same page as the Steinhoff creditors in that it is difficult to see the value of the company’s assets exceeding its liabilities,” said Protea Capital Management senior analyst Richard Cheesman ... Technically SNH is bankrupt”.

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BlockFi to sell $4.7 million of physical mining assets amid bankruptcy

The Block 23 Mar 2023

A bankruptcy judge approved the sale of bankrupt lender BlockFi's mining machines and other physical assets for $4.7 million. The assets were sold to a party called U.S ... Another bankrupt crypto lender, Celsius, also had a significant self-mining business and in January sold $1.3 million in mining machines.

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FTX Moves to Recoup $460 Million from Modulo Capital

Coinspeaker 23 Mar 2023

Bankrupt crypto exchange FTX is currently working toward recovering some of the customer funds that were reportedly misappropriated ... The bankrupt exchange also revealed that it has only $4.7 billion in assets, meaning that there’s a total shortfall of about $7 billion.

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Bank of Korea says non-bank firms face stress from weak property market

The Philadelphia Inquirer 23 Mar 2023

... equity securities standing at 18 percent of total assets, compared with 57 percent at the recently bankrupt Silicon Valley Bank, it said.

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Binance’s Bitcoin liquidity for TUSD surges 250%

Cryptoslate 23 Mar 2023

Source. Kaiko ... Will this decision affect Binance’s market share? ... Source. Kaiko ... Source. Kaiko ... During the period, Binance minted more TUSD stablecoin and added new trading pairs for the asset ... According to the researcher, TUSD has some undisclosed relations with Justin Sun, and bankrupt Alameda Research was also a lead investor in the asset. ....

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The economy is headed into a 'Bermuda Triangle' of risk that will bring on a ...

Business Insider 23 Mar 2023

Bermuda Triangle waves ... Second, high interest rates means firms are battling higher costs of borrowing and waning liquidity, which weighs on asset prices ... He pointed to bankrupt "zombies", which include households, corporations, and governments ... You have a hit to your income, to your asset values, and then to the burden of financing your liabilities.

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GameStop shares close up 35.2%

Arkansas Democrat-Gazette 23 Mar 2023

Shares of GameStop soared as much as 53% Wednesday, initially heading for the stock's biggest gain in two years, after reporting a surprise profit in the fourth quarter and beating analysts' estimates for revenue ... U.S ... A push into digital assets -- the company announced a partnership with now-bankrupt cryptocurrency exchange FTX U.S ... .

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Anil Ambani, Vijay Mallya to Nirav Modi, Mehul Choksi: 7 Indian billionaires who went from riches to rags

Financial Express 22 Mar 2023

These Indian billionaires were once at the top of their game, but due to various reasons, they lost their fortunes. Their stories serve as a reminder that wealth is not permanent. Follow Us ... Vijay Mallya ... In 2020, Anil Ambani declared that he was bankrupt ... In 2020, he declared that he was bankrupt, and his assets were seized by the authorities ... .

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Preston Brashers: Biden’s budget calls for more plundering of the American taxpayer

The Marshall News Messenger 21 Mar 2023

While the left portrays America’s billionaires as a bottomless well of tax revenues, the government could confiscate every penny of wealth from all the billionaires on the Forbes 400 list, seizing their companies’ assets and bankrupting them overnight, and that would barely cover half of Biden’s newest round of proposed increase in taxes.

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Who Was Cloete Murray? How Did He Passed Away?

The Sentinel Newspaper 20 Mar 2023

An accountant from South Africa who was looking into high-level misconduct cases was assassinated alongside his son ... Cloete Murray; image credit- EducationWeb Cloete Murray’s Demise ... Murray’s duties included investigating bankrupt companies’ accounts, recovering assets, and reporting any criminal activity ... Although Mr ... Read Also.

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Joe Biden’s budget is out of the Viking playbook

Bangor Daily News 20 Mar 2023

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Is 2008 back to haunt 2023? Lessons from SVB, Credit Suisse failures for India

Financial Express 20 Mar 2023

However, the fall of Silicon Valley Bank (SVB) is a case of asset liability management (ALM) mismatch concerns that turned into solvency issues for the bank ... Credit Suisse, Switzerland’s second-largest bank by assets, has been facing a series of troubles in recent years.

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