[ad_1] FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing. The defunct exchange has also…
Tag: Repay
Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
[ad_1] Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse…
Nova cannot repay former Sharemax investors
[ad_1] The Nova Property Group is in a desperate financial position and is unable to repay its debenture holders – former Sharemax investors – anytime soon, if ever. The group’s…
Gupta’s InfraBuild looks to sell $350mn bond to help repay creditors
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sanjeev Gupta’s Australian steel business InfraBuild is offering to…
Nikola stock surges 9% after disgraced founder Trevor Milton ordered to repay $165 million
[ad_1] Nikola’s founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October 2022. Massimo Pinca | Reuters Shares of electric truck maker Nikola traded…
Start-ups struggle to repay loans as interest rates rise, says association representing SMEs
[ad_1] PAYING OFF LOANS One firm feeling the heat is local start-up Igloo, which specialises in keyless smart digital locks for homes and businesses. The company took up two loans…
Anil Agarwal Says Vedanta To Sell Steel Business By March 2024 To Repay Debt
[ad_1] The metals-to-mining conglomerate announced that it looks to unlock value through demerger into six listed companies. The company will demerge aluminium, oil and gas, power, steel, and metal businesses…
Crypto lender BlockFi gets court nod to repay customers
[ad_1] The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan.…