financial situation

It is reported that FTX, the cryptocurrency exchange, applied to the US judge, hoping to give another six months to submit the reorganization plan in Chapter 11 of the bankruptcy law. It said that after the bankruptcy last year, the company needed more time to continue to clarify its financial situation and would “soon” publish the details of its assets and liabilities. According to a motion submitted to the Delaware District Bankruptcy Court of the United States on Friday, the company requested to propose a reorganization plan before September 7, compared with the previous plan of March 11. FTX applied to submit the bankruptcy reorganization plan within 6 months Analysis based on this information:FTX, one of the most prominent cryptocurrency exchanges, has reportedly applied to a US judge to extend the deadline for submitting its reorganization plan under Chapter 11 bankruptcy law. The new request asks for six more months to submit the plan, as the company needs additional time…

According to reports, Softbank Group said that the collapse of Silicon Valley Bank had little impact on companies supported by SVF (Softbank Vision Fund). Softbank also said: “It is not expected that the Bank of Silicon Valley will have an impact on our financial situation.” Softbank: Silicon Valley Bank has little influence on companies supported by Softbank Vision Fund Analysis based on this information:Softbank Group, a multinational conglomerate headquartered in Tokyo, Japan, announced that the fall of Silicon Valley Bank (SVB) will not negatively impact the companies supported by the Softbank Vision Fund (SVF). The bank’s troubles began in March, when Zachary Scott Hill, a former SVB vice president, pleaded guilty to embezzling more than $4.7 million from the bank. To avoid taking responsibility for the misappropriated funds, Hill fled the country, and his whereabouts remain unknown. In light of these events, Softbank clarified that SVB’s downfall would not have a significant impact on its operations. More specifically, Softbank stated…