News

Billionaire Daniel Loeb Disputes Reports That He Might Save FTX

American billionaire investor Daniel S. Loeb has denied being involved in discussions about a bailout for the troubled FTX exchange in a tweet.
Billionaire Daniel Loeb Disputes Reports That He Might Save FTX 3

According to Reuters, Sam Bankman-exchange Fried’s was in talks to fund $9.4 billion with a number of investors earlier today. One of the potential rescuers was Loeb’s Third Point. It is unclear whether the struggling exchange will be able to find enough funding to avert possible bankruptcy.

FTX and Tron have already negotiated an agreement

Billionaire Daniel Loeb Disputes Reports That He Might Save FTX 4

In order to move Tron-based assets from the failed trading platform to external wallets, FTX and Tron have already negotiated an agreement.

Loeb, though, called the allegations regarding his alleged involvement in the FTX drama “fake news” and denied any connection. After Binance chose not to purchase the exchange, the exchange’s future remains uncertain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

1 hour ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

4 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

6 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

7 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

10 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

13 hours ago

This website uses cookies.