News Formal

SBF's Holding Company Emergent Technologies Also Files for Bankruptcy

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The company owned the disputed 56 million Robinhood shares that were seized earlier this year.

The latest company in relation to the disgraced FTX founder to file for bankruptcy is the holding firm owned by him and Gary Wang – Emergent Fidelity Technologies.

The filings for Chapter 11 were submitted late on Friday in the United States Bankruptcy Court for the District of Delaware.to Bloomberg, the company, co-founded by Sam Bankman-Fried and Gary Wang, had $20.7 million in cash but no other assets. The former had a 90% share of the firm, while the latter had the remaining 10%.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 568. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Sam Bankman-Fried's holding company files for bankruptcyThe holding company, Emergent Fidelity Technologies, said the bankruptcy filing was 'the only practical way' to protect its assets: 55 million Robinhood shares and $20 million cash. Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 filing for the District of Delaware. The company was already the target of a lawsuit filed by crypto lending firm BlockFi regarding roughly 55 million shares of Robinhood.
Bron: Cointelegraph - 🏆 562. / 51 Lees verder »