November 11, 20240 Comments

FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion

The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a “fraudulent” share deal. In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in

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November 11, 20240 Comments

SIX Swiss deal sends Aquis Exchange shares skyrocketing, nearly doubling in value By Investing.com

Investing.com — Aquis Exchange Plc’s (LON:) stock more than doubled on Monday (NASDAQ:) after the takeover announcement by SIX Swiss Exchange.  The deal places Aquis’ valuation at £194 million, marking a significant premium over recent trading values.  This move comes as SIX seeks to expand its reach in the European market, broadening its service offerings across asset trading, market data, and technology solutions. In a joint statement, SIX said that

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