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FTX, the insolvent CeFi exchange, has unearthed $1B worth of assets including $720M in cash stored in hundreds of bank accounts, the company said in a court hearing on Tuesday.
FTX’s new management team, who took control of the company on Nov. 11 under bankruptcy court proceedings,said the cash is held in various U.S. financial institutions and that Bahamas-based FTX has access to an additional $500M.
(This post was last modified: 24-12-2022, 08:04 AM by
Scythian.)
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(23-12-2022, 04:51 PM)Scythian Wrote: FTX, the insolvent CeFi exchange, has unearthed $1B worth of assets including $720M in cash stored in hundreds of bank accounts, the company said in a court hearing on Tuesday.
FTX’s new management team, who took control of the company on Nov. 11 under bankruptcy court proceedings,said the cash is held in various U.S. financial institutions and that Bahamas-based FTX has access to an additional $500M.
Can Temasek get back the $377 million............?
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(23-12-2022, 04:53 PM)debono Wrote: Can Temasek get back the $377 million............?
No investors coming being accountable holders users who deposit their money and other creditors...knee you pay them nothing left.
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Let's get the facts on Money.
Money is just a piece of paper with Value. It WILL NOT GO Disappear unless you are so Dumb throw these pieces of " paper ' into rubbish dump.
Obviously landed at " somewhere, some people, etc accounts or even inside their house and yes In COLD Hard cash, stacking up can make into a bed.
If know those Drug lord, they never put money in the bank because can be trace. They hide the cold hard cash inside their own house , safe. This is why you see police finally dig out the Master mind , can see tons of money piling inside the house.
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(23-12-2022, 04:53 PM)debono Wrote: Can Temasek get back the $377 million............?
Yes
Temasek will get back $3.77 cents
And comes with a few tables and chairs
(This post was last modified: 23-12-2022, 05:55 PM by
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What due diligence? Show some evidence Temasek.
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.
How often Singapore gives such large sum of money away so easily?
Even with our CPF savings, CPF Board giving low OA interest rate below market
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(23-12-2022, 05:59 PM)p1acebo Wrote: What due diligence? Show some evidence Temasek.
.
In the first place, who's responsible in gathering market information on FTX and who approved such big investment?
Where's Temasek Risk management?
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(23-12-2022, 04:53 PM)debono Wrote: Can Temasek get back the $377 million............?
Why FTX didn't have a trading office in Singapore?
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(24-12-2022, 04:38 AM)Scythian Wrote: .
How often Singapore gives such large sum of money away so easily?
Even with our CPF savings, CPF Board giving low OA interest rate below market
How often?
That’s a question for Empress Ho to answer.
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