United Arab Emirates
FTX’s investment arm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund, according to court documents filed Wednesday, CoinDesk reported. The deal, subject to approval by Delaware bankruptcy court Judge John Dorsey, is part of the bankrupt company's attempts to sell its investments in early stage crypto and tech ventures in a bid to repay creditors.
Dubai-owned P&O Ferries on Thursday suspended its passenger and freight ships but denied the group was heading into bankruptcy, Times of Malta reported. P&O Ferries operates four routes serving Britain, France, Ireland and the Netherlands. “P&O Ferries is not going into liquidation,” the company owned by DP World said in a statement. “We have asked all ships to come alongside (return to dock), in preparation for a company announcement.