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FTX estate, facing $3 to $5 billion in US government claims, is undergoing bankruptcy proceedings as revealed in court filings. A former FTX executive and a group have acquired $60 million in creditors' claims. FTX anticipates negotiating the claims down to $3-5 billion, leaving no funds for shareholders. The US government plans to sell luxury jets associated with former FTX CEO Sam Bankman-Fried.
Joby Aviation expects to launch its flying taxi service in Dubai before anywhere else, including the startup’s home turf in the US. https://t.co/IK7yM54m9O
Authorities seized a luxury jet that was intended to ferry FTX co-founder Sam Bankman-Fried and other executives to-and-from the Bahamas https://t.co/t5W9EgXaHK
Private credit firms including Ares, KKR and Intermediate are looking to capitalize on troubles at Barings https://t.co/4c1plsTlM3
