Collapsed crypto exchange FTX said Tuesday it has identified $5.5 billion of liquid assets, but said based on current estimates both the international and U.S. based exchange still face a “substantial shortfall” from what the trading venues owe customers. A court document with the restructuring team’s most recent findings shows this $5.5 billion includes $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. Some $1.7 billion of the company’s assets are being held… Source link
Read More »Cisco Shortfall Jolts Wall Street as Lockdowns Roil Supply
(Bloomberg) — Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, renewing broader concerns about tech spending in a shaky economy. Most Read from Bloomberg The outlook sent Cisco shares down as much as 19% in late trading and weighed on stocks of other networking companies, dealing a fresh blow to an already-battered sector. Even before Cisco’s latest plunge, its stock was down 24% this… Source link
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