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

Stocks making the biggest moves midday: Novo Nordisk, ServiceNow, Freeport-McMoRan, Structure Therapeutics & more
Finance

Stocks making the biggest moves midday: Novo Nordisk, ServiceNow, Freeport-McMoRan, Structure Therapeutics & more

Check out the companies making headlines in midday trading. ServiceNow — Shares of the software company fell nearly 3% after it said it would acquire cybersecurity startup Armis for $7.75 billion . The deal, which should close next year, will bolster ServiceNow’s cybersecurity offerings. Mining stocks — With prices of gold, silver and copper at […]

Read More
Here’s how AI could influence the Fed’s economic outlook
Finance

Here’s how AI could influence the Fed’s economic outlook

Key Points Members of the Federal Open Market Committee are factoring rising labor productivity in their economic forecasts. In a long-run “unbounded growth” scenario where AI is fully developed, up to 23% of workers may lose employment and labor productivity increases by as much as three to four times, according to a May 2025 research […]

Read More
Citadel to return  billion in profit to investors, source says
Finance

Citadel to return $5 billion in profit to investors, source says

Key Points The firm’s flagship-multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said, who asked not to be named discussing performance details.  The profit being returned is not all that was generated in 2025, the person said, but rather, a way of constraining capital amid what the fund […]

Read More