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SpaceX is scheduled to launch its massive Starship rocket on Sunday morning for its fifth major flight mission, designed to "capture" a booster returning from space in a key test of the vehicles reusability. The flight, scheduled for 8 a.m. New York time from SpaceXs launch site in southern Texas, is the companys next major preparation for the rockets operational flight. The Starship is crucial to SpaceX CEO Elon Musks ambition to send humans to the moon and Mars, but it still has a long way to go before it can launch manned and cargo missions.On October 13, the Sudanese humanitarian relief group "Emergency Room" said on October 13 local time that the Sudanese Armed Forces launched an airstrike on the southern part of the countrys capital Khartoum on the 12th, killing at least 23 civilians and injuring more than 40 others. The relief group said that the airstrike affected a market in southern Khartoum and the surrounding residential areas, causing heavy casualties among vendors, shoppers in the market and civilians in the residential areas. The Sudanese Armed Forces have not yet responded to this.According to VAT invoice data released on October 13, in the first three quarters of this year, the sales revenue of the transportation and logistics industry increased by 10% year-on-year, especially the multimodal transport and transportation agency, and postal express delivery industries increased by 33.5% and 11.3% year-on-year respectively, of which the transportation and logistics industry increased by 10.6% year-on-year in September. The inter-provincial sales volume increased by 2.5% year-on-year, 1.1 percentage points faster than the overall growth rate of corporate sales revenue nationwide, reflecting that the inter-provincial trade in goods and services is relatively smooth.On October 13, the Israel Defense Forces announced at noon local time that two Israeli soldiers were attacked by anti-tank missiles in southern Lebanon and were seriously injured. There is no response from the Lebanese side at present.On October 13, local time, Ukrainian President Zelensky posted on his official social account that this week the Russian army used about 900 guided air bombs, more than 40 missiles and 400 attack drones against Ukraine. He called on Ukraines partners to provide Ukraine with the necessary number of air defense systems.

FTX collapse being scrutinized by Bahamas investigators

Skylar Shaw

Nov 14, 2022 16:33

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Investigators in the Bahamas are investigating into whether any "criminal behaviour happened" in connection with the collapse of FTX, according to a statement from the Royal Bahamas Police on Sunday.


One of the most high-profile cryptocurrency meltdowns, FTX filed for bankruptcy on Friday after traders rushed to remove $6 billion off the platform in only 72 hours and rival exchange Binance abandoned a potential rescue deal.


In a statement released on Sunday, the Royal Bahamas Police said: "A team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate whether any criminal misconduct occurred in light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd."


FTX did not react right away when Reuters asked for a comment.


John J. Ray III, the newly appointed CEO of FTX, stated on Saturday that the organization was working with law authorities and regulators to address the issue and was "making every effort to safeguard all assets, wherever located."


Sam Bankman-Fried, the exchange's 30-year-old founder who is well known for wearing shorts and a T-shirt, has gone from being the face of the cryptocurrency industry's accomplishments to the main character of the sector's worst crash as a result of the exchange's rapid fall from grace.


Bankman-Fried, a resident of the Bahamas, has also been the focus of suspicions regarding his location; he shot off those claims on Twitter. He texted Reuters on Saturday to say "Nope" in response to their inquiry about whether he had traveled by plane to Argentina. He claimed to be in the Bahamas to Reuters.


At least $1 billion in customer cash have disappeared from the platform due to the upheaval at FTX, sources told Reuters on Friday. According to the sources, Bankman-Fried had transferred $10 billion in customer cash to his trading firm, Alameda Research.


Ryne Miller, the U.S. general counsel for FTX, tweeted on Saturday that the company was moving its digital assets into "cold storage" "to mitigate damage upon spotting unlawful activities," Miller wrote.


In order to protect against hackers, cold storage refers to cryptocurrency wallets that are not connected to the internet.


FTX International and FTX United States have lost $659 million in the previous 24 hours, according to blockchain analytics company Nansen.


FTX Trading claimed in its bankruptcy filing that firm has assets worth between $10 billion and $50 billion, liabilities between between $10 billion and $50 billion, and more than 100,000 creditors. As CEO, Ray, a restructuring specialist, was chosen.


According to a document provided by Bankman-Fried with investors on Thursday and seen by Reuters, FTX has $14.6 billion in assets and $13.86 billion in liabilities. Only $900 million of those assets, however, were liquid, creating a liquidity shortage that resulted in the company declaring bankruptcy.


Investors were surprised by the drop, which renewed calls for regulation of the cryptoasset industry, which has suffered losses all year due to the decline in bitcoin prices.


After Binance abandoned its rescue agreement for FTX on Wednesday, Bitcoin went below $16,000 for the first time since 2020.


Its price on Saturday was about $16,5600, a significant drop from its record high of $69,000 BTC=BTSP in November of last year.