Third Point director: Company’s $60 million investment in FTX is now worth zero

Robert Boroujerdi, a director of Third Point investment company founded by Dan Loeb, testified in the SBF trial today that his company invested $60 million in FTX, which is now worth $0.

SBF case

Comments

All Comments

Recommended for you

Norway’s Wealth Fund Watchdog to Review Cryptocurrencies by 2025

According to market news reported by , the supervisory authority of Norway's wealth fund will conduct reviews on shoe manufacturers, cryptocurrency, and gambling companies in 2025, which may lead to divestment.
OpenAI responds to Musk's lawsuit: The application is repeated and still unfounded

recently Musk requested a US court to block OpenAI, an artificial intelligence research center, from illegally transforming into a for-profit enterprise. A spokesperson for OpenAI said that Musk's application is repetitive and still baseless.
CointimeSG ·

Coinbase Exits Turkey Plans, Adjusts USDC Rewards Amid MiCA Compliance

Turkey’s crypto regulator reports 14 companies, including QNB Digital Assets, have filed for liquidation. Coinbase will end USDC rewards for EEA users starting December 1.
CointimeSG ·

Ethereum ETF staking yield likely to be approved under crypto-friendly 'Trump 2.0' SEC, Bernstein says

Analysts at Bernstein said that despite ether’s underperformance this year, its fundamentals look strong, and the risk-reward ratio is now attractive.
CointimeSG ·

From exchange to an ecosystem: Cryptocurrency platform turns a new page

Going through a rebranding process, a crypto platform shifts from a basic exchange to a full-fledged ecosystem.
CointimeSG ·

Japan’s DMM Bitcoin Exchange Plans to Shut Down

The exchange intends to transfer customer deposits and assets to SBI VC Trade. The decision follows the exchange’s struggle to recover from a $320 million theft.
CointimeSG ·

Hong Kong gaming firm swaps $49M Ether in treasury for Bitcoin

With the latest acquisition, Boyaa Interactive has 3,183 Bitcoin in its stash, up from 2,635 at the end of September.
CointimeSG ·

The Role of Cryptocurrency in Reducing Banking Costs for Small and Medium Businesses

With cryptocurrencies, SMBs can really avoid many headaches related to traditional banking
CointimeSG ·

NFTs Resurgence? Crypto's Bull Run is Driving These Assets Higher

Despite new collections, CryptoPunk NFTs hold a 40% market share, showing its enduring appeal among collectors.
CointimeSG ·

Bitcoin Miner Argo Blockchain Secures £4.2M Lifeline as Mining Margins Shrink

The Wall Street BTC miner raised £4.2M through a share placement to fund strategic initiatives and working capital needs. The company plans to use the proceeds to expand into high-performance computing amid challenging market conditions.