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Customers of bankrupt cryptocurrency exchange FTX Trading could have to wait years to get t stanley cup heir money back, while many may never recover the funds, experts said.FTX s creditors will be first in line to receive whatever assets a bankruptcy judge deems appropriate to distribute as the company seeks to restructure as part of its Chapter 11 filing. Investors in the Bahamas-based company, which had raised some $2 billion in venture capital, will be second in line. That l stanley cup eaves FTX account holders who used the platform to trade bitcoin, solana and other digital currencies at the back of the queue, a bankruptcy expert told CBS MoneyWatch.St. John s University law professor Anthony Sabino expects those customers to at best recoup only a portion of the money they originally deposited. As for the assets customers have on the platform now, they will probably diminish in value as the FTX bankruptcy process runs it course, he added. People are going to be waiting on the sidelines for a very long time, and only heaven knows what it s going to be worth, said Sabino, an expert on securities regulation. It does not look good at all. The crypto world has been shaken by FTX s bankruptcy and as it watched one of the largest exchanges crumblein about a week. FTX and its former CEO, Sam Bankman-Fried, arebeing investigated in the U.S.and abroad for possible securities violations. FTX s bankrupt stanley cup cy is unusual because the Securities and Exchange Commiss Ojmx Ukrainians thoughts on Trump s impeachment Many don t care, or know
MIAMI--The manager of a Miami business where 15 people were shot early Sunday morning ha af1 s been arrested, reports CBS Miami.Police say 31-year-old manager Tiffany Johnson was arrested Tuesday because The Spot is licensed to operate as a restaurant, but was allegedly functioning as a adidas samba nightclub. An 11-year-old was among the victims of the early morning melee. The big question everyone had is, Is this a club or is this a restaurant said City of Miami Police Officer Frederica Burden. And the outcome was it is licensed for a restaurant which is to serve meals, alcohol, being wine and beer, with the meal. However, agents with the Division of Alcoholic Beverages and Tobacco found hard liquor behind the bar, CBS Miami reports. On the wall inside the venue, officers found advertisements saying it also functioned as a club. We had no clue that it was operating as a club, said City of Miami Police Chief Manuel Orosa.Surveillance video from near The Spot shows dozens of teens and young adults fleeing after shots rang at 1 a.m. on Sunday. Sources told CBS nike dunk Miami the shooting resulted from an argument between two teens.The gunman and his accomplices have not been caught. Part of that problem was the lack of personnel they had. The lack of screening for weapons and having kids and alcohol. It s just a bad mix overall, Orosa said.Authorities said the club was hit with multiple violations by from several agencies involved with