FTX’s new management hired an investment bank to help the failed cryptocurrency exchange sell viable parts of its business and discovered there were more than 200 accounts containing positive cash balances
hired an investment bank to help the failed cryptocurrency exchange sell viable parts of its business and discovered there were more than 200 accounts containing positive cash
balances.more optimistic tone about the possibility of recovering assets compared with his previous dour assessment. On Thursday, the veteran bankruptcy executive said he hada WSJ membership
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Bank of America downgrades Coinbase, says FTX collapse raises 'contagion risk' for crypto platformThe analyst cited three reasons for the downgrade, including lower trading expected from retail traders after the debacle.
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Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath.BankofAmerica bails on coinbase after its 80% decline this year. While not another FTX_Official, says BofA, that does not make the exchange immune from the broader fallout in the crypto ecosystem. willcanny99
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Coinbase isn't 'another FTX' but its stock faces growing risks, Bank of America warns in downgrade“We think Coinbase likely faces a number of new headwinds over the near/medium-term due to the recent collapse of rival crypto exchange FTX,” Bank of America analyst Jason Kupferberg wrote.
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Why the FTX scandal gets compared to EnronThe new CEO of bankrupt crypto exchange FTX also helped clean up one of corporate America’s biggest collapses 20 years ago: Enron. History isn't repeating, per se, but it rhymes.
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Pension Giant Ontario Teachers' Plans to Write Off All $95 Million Invested in Crypto Exchange FTXOne of Canada's biggest pension funds with almost $250B in AUM, Ontario Teachers' is writing down its entire $95M investment in bankrupt crypto exchange FTX_Official. Aoyon_A reports
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Scaramucci's SkyBridge Reportedly Bought $10M of FTT in Acquisition Deal With FTXAnthony Scaramucci invested $10 million into FTT when FTX Venture acquired a 30% stake in SkyBridge Capital.
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