Collapsed Crypto Exchange FTX Hit By Rogue Transactions

Collapsed Crypto Exchange FTX Hit By Rogue Transactions

By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) – Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and analysts flagged that millions of dollars of assets had been moved from the platform in “suspicious circumstances”. FTX filed for bankruptcy on Friday…

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Exclusive-Tesla Has Considered Exporting EVs From Shanghai To US, Canada - Sources

Exclusive-Tesla Has Considered Exporting EVs From Shanghai To US, Canada – Sources

SHANGHAI (Reuters) – Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market. Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in…

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FTX Says Investigating 'unauthorized Transactions'

FTX Says Investigating ‘unauthorized Transactions’

(Reuters) -Collapsed crypto exchange FTX said on Saturday it had seen “unauthorized transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Blockchain analytics firm Elliptic said that around $473 million worth of cryptoassets were “moved out of FTX wallets in suspicious circumstances early this morning,” but that it…

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Chinese Brands Outnumber Foreign Names Among Singles Day Best-sellers

Chinese Brands Outnumber Foreign Names Among Singles Day Best-sellers

BEIJING (Reuters) – Chinese consumers clutched their wallets tight in this year’s Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict COVID-19 curbs and economic uncertainty weighed on the shopping extravaganza. From the evening of Oct. 31 through Thursday, more than 2,000 items generated sales exceeding 10 million yuan…

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Exclusive-At Least $1 Billion Of Client Funds Missing At Failed Crypto Firm FTX – Sources

Exclusive-At Least $1 Billion Of Client Funds Missing At Failed Crypto Firm FTX – Sources

By Angus Berwick New York (Reuters) – At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried’s trading company Alameda Research, the people told Reuters. A large…

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