debtors

Bankrupt crypto exchange FTX and its debtors on Friday said they have entered into a settlement agreement with founder Samuel Bankman-Fried and others to resolve some claims related to its acquisition of stock trading platform Embed.The settlement agreement is between Bankman-Fried, and former FTX executives Nishad Singh and Gary Wang.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM LucknowIIML…

FTX and its affiliated debtors said on Friday the company had filed a motion with the Bankruptcy Court seeking approval of bidding procedures to sell four businesses. Debtors of the bankrupt cryptocurrency exchange intend to conduct auctions for Embed, LedgerX, FTX Japan and FTX Europe businesses, according to the statement. The move comes after FTX founder Sam Bankman-Fried was arrested on fraud charges on Monday. FTX filed for bankruptcy protection in Delaware in November after traders pulled $6 billion from the…

Credit: Pixabay/CC0 Public Domain A first-of-its-kind study led by Associate Professor Jia Lile from the Department of Psychology at the National University of Singapore (NUS) Faculty of Arts and Social Sciences found that extreme debtors have a low capacity to regulate their behavior but hold an illusory perception of high capacity, which may expose them to further debt accumulation.…