Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy



An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. […]



Source link



from The Novum Times

Comments

Post a Comment

Popular posts from this blog

Soviet Aircraft Carrier Turned Failed Chinese Tourist Attraction Is On Fire (Updated)

Image
A major fire, which may still be ongoing, has broken out on the former Soviet Kiev class aircraft carrier Minsk, which has been rotting away in a man-made lagoon just off a stretch of the Yangtze River in China for years now. The War Zone previously dove into the saga of how the flattop came to be anchored there in a feature you can find here. via X The cause of the fire and Minsk‘s current status are unknown. Local authorities say the blaze broke out at around 4:00 PM local time, that there have been no apparent casualties, and that the incident is under investigation, according to Chinese media. Pictures and video footage have emerged online that show a significant fire. Former Soviet Kiev-class aircraft carrier MINSK appears to be seriously damaged by a major fire at Nantong, China, where it was undergoing refurbishment. The ship was formerly a tourist attraction known as Minsk World. https://t.co/SJyXOmkzlY — Chris Cavas (@CavasShips) August 16, 2024 8月16日，江苏南...
Read more

Korea Line exits VLCC segment with sales to Bahri

Johnnie / MarineTraffic Saudi Arabian shipping giant Bahri has purchased four moderns VLCCs from Korea Line Corporation, according to brokers. No price is attached to the deal, but one Greek broker suggested that the four-year-old ships could have fetched about $116m each. The sale has been widely expected as Korea Line, part of SM Group, has been reported to be keen to exit the VLCC segment. The Korean-built ships – SM White Whale 1, SM White Whale 2, SM Venus 1, and SM Venus 2 – have been in the shop window for months. Sales of modern tanker tonnage are rare as prices are at historically high levels. Source link from The Novum Times
Read more

China pushes nuclear ‘no first use’ while expanding its atomic arsenal

Image
China has launched a diplomatic offensive against the US nuclear weapons posture as it rapidly strengthens its own nuclear capabilities. Beijing, the only one of the five permanent members of the UN Security Council that has committed to not using nuclear weapons first, has called in Geneva for the others to match that pledge and has also denounced Washington’s arrangements for deterring attacks on its allies. In its formal proposal, China said a nuclear “no first use” policy was “increasingly becoming an important consensus and priority” in international arms control. But officials of the US and allied nations and analysts said Beijing’s proposal and censure of the US and its allies were an attempt to blunt western criticism of its own nuclear arms build-up. China submitted a draft text for a treaty or declaration on “no first use” by P5 Security Council members to a committee that is meeting in Geneva until Friday to prepare a review conference for the Treaty on the Non-Prolife...
Read more