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News

Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

November 11, 2022 - Around 1 mins mins to read
American billionaire investor Daniel S. Loeb has denied being involved in discussions about a bailout for the troubled FTX exchange in a tweet.
Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

According to Reuters, Sam Bankman-exchange Fried’s was in talks to fund $9.4 billion with a number of investors earlier today. One of the potential rescuers was Loeb’s Third Point. It is unclear whether the struggling exchange will be able to find enough funding to avert possible bankruptcy.

FTX and Tron have already negotiated an agreement

Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

In order to move Tron-based assets from the failed trading platform to external wallets, FTX and Tron have already negotiated an agreement.

Loeb, though, called the allegations regarding his alleged involvement in the FTX drama “fake news” and denied any connection. After Binance chose not to purchase the exchange, the exchange’s future remains uncertain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

Billionaire Daniel Loeb

Daniel Loeb

Daniel S. Loeb

FTX

ftx exchange

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

American billionaire investor Daniel S. Loeb has denied being involved in discussions about a bailout for the troubled FTX exchange in a tweet.
Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

According to Reuters, Sam Bankman-exchange Fried’s was in talks to fund $9.4 billion with a number of investors earlier today. One of the potential rescuers was Loeb’s Third Point. It is unclear whether the struggling exchange will be able to find enough funding to avert possible bankruptcy.

FTX and Tron have already negotiated an agreement

Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

In order to move Tron-based assets from the failed trading platform to external wallets, FTX and Tron have already negotiated an agreement.

Loeb, though, called the allegations regarding his alleged involvement in the FTX drama “fake news” and denied any connection. After Binance chose not to purchase the exchange, the exchange’s future remains uncertain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

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