EUR/USD 1.17858
0.110%
Gold 5096.86
2.005%
Oil 66.320
-0.480%
USD/JPY 155.059
0.041%
GBP/USD 1.34890
0.196%
GBP/JPY 209.162
0.248%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 22nd - According to data from online platforms, the total box office revenue (including pre-sales) for films released during the 2026 Spring Festival has exceeded 5 billion yuan! Among them, *Pegasus 3*, *Silent Assassination*, *The Legend of the Swordsman*, and *Boonie Bears: The Big Adventure* ranked in the top four. The number of moviegoers during the 2026 Spring Festival has already surpassed 100 million, marking the eighth consecutive year that the Spring Festival has seen over 100 million moviegoers! Furthermore, according to data from online platforms, the total box office revenue for films released in 2026 (including pre-sales) has already exceeded 7.5 billion yuan, surpassing North American box office results and currently ranking first in the global single-market box office.Italian Foreign Minister: I had a lengthy dialogue with EU Trade and Economic Security Commissioner Šefčovič to coordinate joint action between Italy and EU member states. Solidarity among Europeans is crucial. Tomorrow I will attend the G7 international trade meeting, followed by a tariff working group briefing Italian businesses on the situation.On February 22, Russian Presidential Press Secretary Dmitry Peskov stated that if nuclear weapons aimed at Russia were to appear in Estonia, Russia could also target Estonia with its own nuclear weapons. This comes after Estonian Foreign Minister Chahekna stated that Estonia would be willing to deploy nuclear weapons on its territory if requested by NATO.On February 22, US Presidential Envoy Witkov, speaking about Iran, stated, "Trump is curious why Iran hasnt yielded yet? Considering our naval power there, under this pressure, why havent they come to us and said we dont want weapons?" Witkov also stated that Trump has instructed him and Kushner that Iran must cease its uranium enrichment activities and send out nuclear materials, arguing that Tehrans nuclear materials exceed civilian needs. Furthermore, Witkov indicated that he met with Iranian Prince Reza Pahlavi, at Trumps direction.Ukraines power grid operator said that Russia attacked Ukraines energy infrastructure again last night, causing power outages.

FTX gets court approval to subpoena founder Bankman-Fried, other insiders

Jimmy Khan

Feb 09, 2023 15:30

Sam Bankman-Fried, the founder of the defunct cryptocurrency startup FTX, and his family members were served subpoenas on Wednesday with permission from the court as part of the company's inquiry into "misappropriated and stolen" cash.


The once-respected cryptocurrency exchange FTX filed for bankruptcy protection in November amid claims that Bankman-Fried diverted funds from FTX clients to bolster the financial position of the hedge fund Alameda Research, which is connected to FTX. In order to find instances of misspending that may be recovered in order to pay back FTX's clients, FTX claimed that it requires additional information from former insiders, including its accused founder.


FTX's request to serve subpoenas on Bankman-Fried, his parents Barbara Fried and Joseph Bankman, his brother Gabriel Bankman-Fried, former FTX Chief Technology Officer Gary Wang, former Alameda Research CEO Caroline Ellison, and former FTX Chief Operating Officer Constance Wang was granted by U.S. Bankruptcy Judge John Dorsey, who is presiding over FTX's Chapter 11 proceedings.


In court documents submitted on Wednesday, FTX said that the majority of the people named in the subpoena targets had started participating with its inquiry. Ellison and FTX are still in communication, and Sam Bankman-Fried "remains non-responsive," according to FTX.


In relation to their involvement in the demise of FTX and Alameda, Ellison and Gary Wang have admitted guilt on fraud-related offenses. Bankman-Fried will go on trial in federal court in Manhattan in October after entering a not guilty plea.


The subpoenas are focused on shady transactions by FTX insiders. In addition, the parents of Bankman-Fried spent $16.7 million on property in the Bahamas, and the Bankman-Fried brothers' advocacy group, Guarding Against Pandemics, bought a headquarters facility in Washington, D.C.

Additionally, FTX is looking for data on political contributions. Along with contributions from Sam Bankman-Fried, his mother established Mind the Gap, a political action committee that makes suggestions to a network of political contributors.


Bankman-Fried refused to speak, and family members could not be contacted for comment right away. Sam Bankman-Fried did not give directly to Mind the Gap, according to earlier reports, but he did contribute to some of the organization's suggested projects.

Suggestion