FTX has recovered $5 billion value of ‘liquid’ property, legal professionals say

FTX has recovered billion value of ‘liquid’ property, legal professionals say

Crucial Factors

FTX has recovered at least $5 billion of liquid property, including hard cash, crypto, and securities, attorneys explained to a Delaware individual bankruptcy judge on Wednesday.
The crypto exchange was once valued at $32 billion but imploded following studies of economical impropriety, which in the long run gave way to felony and regulatory probes, culminating in the arrest of founder Sam Bankman-Fried.
FTX’s new CEO, John J. Ray, formerly attested that at minimum $8 billion of customer property were unaccounted for in the “worst” situation of corporate regulate he’d ever seen.

Supply

Finance

Stocks making the biggest moves premarket: Nvidia, Super Micro, American Eagle Outfitters, UnitedHealth and more

May 14, 2025

Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro […]

Stock and crypto trading site eToro prices IPO at per share ahead of Nasdaq debut

Finance

Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

May 13, 2025

Key Points Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50. The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans. EToro scrapped a prior effort to go public […]

Finance

Stocks making the biggest moves midday: Nvidia, Boeing, Coinbase, First Solar and more

May 13, 2025

Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at […]