Banking app Dave to buy back $100M stake from FTX

Dave Inc.'s Strategic Repurchase: Navigating Market Volatility with Foresight

Dave Inc.'s decision to repurchase a convertible note from FTX Ventures showcases strategic foresight and financial acumen, potentially reshaping its future in the neobanking sector.

Dave Acquires $100M Stake from FTX in Strategic Move

Dave strategically acquires a $100M stake from FTX, awaiting court approval. FTX faces complex bankruptcy proceedings, settling globally. The financial landscape involves asset liquidation, legal challenges, and the recovery of misappropriated funds.

FTX Boosts FTT: Dave Inc. Seals $100M Deal Amid FTX Ventures Bankruptcy

In a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.

FTX Debtors Release Report on FTX Group's Control Failures

Report Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions

Will Gate.io be the Next FTX?

Check out the findings!

FTX Balance Sheet, Revealed

The Financial Times has seen a copy of an FTX balance sheet showing that the bankrupt crypto exchange had only $900mn of assets it could easily sell.

The Timeline of FTX’s Withdrawal Halts & Binance’s Potential Acquisition of FTX

Watch the FTX drama in one minute

This article summarizes the FTX drama that broke out in the crypto market.

FTX/Alameda Questions Hold the Spotlight

A drop below $22 could mean a more significant ride down for FTT.

Dave Portnoy's SafeMoon position is down 94%, claims he's being sued by project

The Barstool Sports founder panic-sold Bitcoin in 2020 and has expressed fleeting interest in digital assets ever since.