Archiv für den Monat: November 2022
Henkel: „Der eine versucht den anderen aus dem Weg zu räumen“: Zoff im Henkel-Vorstand eskaliert – Auris muss gehen
Dax aktuell: Dax steigt weiter – Morphosys-Aktie stürzt 25 Prozent ab
Top Wall Street analysts bet on these stocks to beat market volatility
TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Apple & Starbucks
Starboard takes a stake in Splunk. Here’s how the activist investor may help boost margins
Activist investor Starboard Value snapped up a stake in cybersecurity giant Splunk. Changes may be ahead.
FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole
Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas.
Video: Has the US dollar topped?
<p>Last week’s US dollar decline was one of the largest ever. What’s driving the move and how to know it will last.</p>
This article was written by Adam Button at forexlive.com.
Some remaining FTX balances stolen, $383m drained from exchange
<p>The hopes for anyone getting any money out of FTX are dwindling after nearly $400 million was drained from the exchange late on Friday.</p><p>Crypto-watchers <a target=“_blank“ href=“https://twitter.com/0xfoobar/status/1591263210837250049″ target=“_blank“ rel=“nofollow“>noted </a>that the money was first transferred into Tether and then further down the chain.</p><p>FTX general council said it was „investigating abnormalities with wallet movements“ and a message was pinned to the top of the FTX Telegram to say the exchange was hacked and to delete FTX apps.</p><p>A later message from FTX lawyers said they had taken precautionary steps to move digital assets to cold storage. It’s likely this was in response to thefts in order to save the remainder of funds. Customers reported balances being zeroed out.</p><p>Reuters <a target=“_blank“ href=“https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/“ target=“_blank“ rel=“nofollow“>reports </a>that at least $1 billion of client funds is missing and that Bankman-Fried had transferred $10 billion of customer funds to Alameda Research.</p><blockquote>In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a „backdoor“ in FTX’s book-keeping system, which was built using bespoke software.They said the „backdoor“ allowed Bankman-Fried to execute commands that could alter the company’s financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said.</blockquote><p>Another developing problem is a reported loophole in Bahamas bankruptcy proceedings that allows the removal of domestic funds. With this, there’s an arbitrage between foreign and local money with funds being sold/drained to Bahamian accounts.</p><p>It’s not clear to me what’s truth and rumors but at this point it’s beyond FUBAR. Bitcoin is trading at $16,790 and ethereum at $1259. </p><p>On the upside, maybe that’s the end of this guy.</p><blockquote class=“twitter-tweet“><p dir=“ltr“ lang=“en“>Kevin “Zero-Credibility” O’Leary“If there’s ever a place I can be, that I’m not gonna get in trouble, it’s gonna be at FTX.” 🤣 <a target=“_blank“ href=“https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw“>#bitcoin</a> <a target=“_blank“ href=“https://t.co/StZrZLScJn“>pic.twitter.com/StZrZLScJn</a></p>— Neil Jacobs (@NeilJacobs) <a target=“_blank“ href=“https://twitter.com/NeilJacobs/status/1591083061944676353?ref_src=twsrc%5Etfw“>November 11, 2022</a></blockquote>
This article was written by Adam Button at forexlive.com.