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On November 10, the Houthi rebels in Yemen warned on the 9th that if the ceasefire agreement in the Gaza Strip breaks down, the group will resume attacks on Israel and ban Israeli ships from sailing in the Red Sea and the Arabian Sea.Market news: Progressive Democratic lawmakers in the United States have expressed dissatisfaction with the emerging agreement to end the shutdown and are preparing to raise objections at a Senate Democratic caucus meeting.November 10th - On November 9th local time, the Federal Aviation Administration (FAA) reported that more than 15 air traffic control centers in the United States reported staff shortages that day. The FAA announcement indicated that some facilities at some of the busiest airports in the U.S., including New York, Washington D.C., Atlanta, Dallas, and Chicago, were affected. It is understood that staff shortages may force air traffic control agencies to reduce the number of flights at certain airports to maintain safety, potentially causing widespread delays.On November 10th, Goldman Sachs stated that a growing number of US investors are buying Japanese stocks, particularly those focused on technology and artificial intelligence, attracted by their strong returns relative to US stocks. Bruce Kirk, Goldman Sachs chief Japan equity strategist, said, "The pace of US capital inflows has reached its fastest level since Abenomics." He added that active participation by US investors in Japanese equities has reached its highest level since October 2022. This influx of US funds reflects the strong performance of Japanese equities this year, boosted by the appreciation of the yen and optimism surrounding Sanae Takashis stimulus policies. In dollar terms, the Nikkei 225 index has risen approximately 30% this year, far exceeding the S&P 500s 14% gain. Kirk believes there is still room for further foreign capital inflows, as global investors net holdings in Japanese equities remain well below the peak levels seen during "Abenomics," and continued global investors need for asset diversification may also support this trend.On November 10th, the Ukrainian State Electricity Company announced that due to Russias continued attacks on Ukrainian energy facilities, most regions of Ukraine will experience 24-hour power rationing on November 10th. The company stated that the rationing will last from midnight to 11:59 PM, and industrial users power consumption will also be limited during the same period. The Ukrainian government also urged the public to conserve electricity during peak hours.

FTX Sues Voyager Digital to recover $446 Million in Debt Payments Due in 2022

Aria Thomas

Jan 31, 2023 11:11

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Bankrupt crypt exchange FTX filed a lawsuit against cryptocurrency lender Voyager Digital on Monday, seeking to recover $445.8 million in loan repayments made by FTX before its bankruptcy filing in November 2022.


FTX and Voyager both filed for bankruptcy in 2022 in response to the collapse of cryptocurrency markets, however Voyager's petition came four months before FTX.


Voyager sought repayment of all outstanding loans to FTX and its affiliated hedge fund Alameda Research after filing for bankruptcy in July.


FTX stated in a court filing that it paid Voyager $248.8 million in September and $193.9 million in October on behalf of Alameda. In August, FTX also made a $3.2 million interest payment, according to court documents.


According to FTX's complaint, because these loan payments were made so close to FTX's own bankruptcy filing, they are eligible to be recouped and perhaps used to reimburse other FTX creditors.


FTX, previously one of the leading cryptocurrency exchanges in the world, shocked the industry in November by declaring bankruptcy, leaving an estimated 9 million customers and other investors with losses in the billions of dollars.


Its inventor, Sam Bankman-Fried, has been indicted on fraud charges, and numerous top executives, including CEO Caroline Ellison of Alameda Research, have pleaded guilty to fraud. The trial of Bankman-Fried, who has denied wrongdoing, is slated for October.


Initially, FTX appeared capable of weathering the storm that brought down Voyager and other crypto corporations in the summer of 2022, touting itself as a "white knight" who could steady the tumbling crypto markets. FTX sought to acquire Voyager's platform in a bankruptcy auction, but the deal fell through when FTX collapsed in November.


FTX acknowledged in a court statement on Monday that Alameda allegedly seized FTX client assets to support its imprudent borrowing and lending. However, it was stated that Voyager and other crypto lenders were implicated in Alameda's behavior by "knowingly or negligently" directing their clients' money into Alameda.


FTX stated that Voyager's business model was that of a feeder fund. It sought individual investors and placed their money in bitcoin investment funds such as Alameda and Three Arrows Capital with little or no due research.


Three Arrows Capital also declared bankruptcy in 2022, and its founders have refused to comply with court-appointed liquidators who are attempting to reclaim customer assets.