Emergent Technologies, the SBF holding company, also reports bankruptcy

Veröffentlicht:

Von:

Das jüngste Unternehmen in Verbindung mit dem in Ungnade gefallenen FTX-Gründer, das Insolvenz anmeldet, ist die Holdinggesellschaft, die ihm und Gary Wang gehört – Emergent Fidelity Technologies. Es hat seinen Hauptsitz in Antigua und Barbuda und hatte Berichten zufolge nur 20 Millionen Dollar in bar und keine anderen Vermögenswerte. Die Anträge für Kapitel 11 wurden am späten Freitag beim US-Konkursgericht für den Bezirk Delaware eingereicht. Laut Bloomberg verfügte das von Sam Bankman-Fried und Gary Wang mitbegründete Unternehmen über 20,7 Millionen US-Dollar in bar, aber keine anderen Vermögenswerte. Ersterer hatte einen Anteil von 90 % an der Firma, letzterer die restlichen …
The latest company in connection with the unknown FTX founder who registers bankruptcy is the holding company that belongs to him and Gary Wang-Emergent Fidelity Technologies. It has its headquarters in Antigua and Barbuda and reported only $ 20 million in cash and no other assets. Applications for Chapter 11 were submitted to the US bankruptcy court for the Delaware district late Friday. According to Bloomberg, the company co-founded by Sam Bankman-Fried and Gary Wang had over $ 20.7 million in cash, but no other assets. The former had a 90 % share of the company, the latter the rest ... (Symbolbild/KNAT)

The youngest company in connection with the unadorned FTX founder who registers bankruptcy is the holding company that belongs to him and Gary Wang-Emergent Fidelity Technologies.

It has its headquarters in Antigua and Barbuda and reports that only $ 20 million in cash and no other assets.

  • Applications for Chapter 11 were submitted to the US bankruptcy court for the Delaware district late Friday.
  • According to Bloomberg, the company co-founded by Sam Bankman-Fried and Gary Wang had over $ 20.7 million in cash, but no other assets. The former had a 90 % share of the company, the latter the remaining 10 %.

"In view of the many parties who claim to be creditor or direct owners of the debtor's assets in the United States, the JPLS believe that protection according to Chapter 11 is the only practical way to enable the debtor to defend themselves, the assets and the interests of its creditors in the USA." - said one of the liquidators - Angela Barkhouse.

  • After SBF reported reported a loan from Alameda, Emergent Fidelity Technologies used it to acquire almost 56 million shares of the Robinhood retail app. These shares got into the spotlight after FTX had registered bankruptcy because several parties made claims for them.
  • In addition to SBF, the creditor Yonathan Ben Shimon and the Bankrotte crypto loan blockfi associated with FTX also made their own demands.
  • The US Ministry of Justice confiscated the shares that are currently worth almost $ 600 million at the beginning of January and said:

"The government expects the evidence to show that Bankman-Fried FTX customers have cheated by misusing their money for his personal use, including for investments on his own account in order not to make any risk investments."

.