Insolvency

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency 

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Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency 

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX) ecosystem, has revealed that First Digital Trust (FDT), a tech-driven financial institution based in Hong Kong, is effectively insolvent and unable to cover its obligations. In an X post on April 2nd during the late Western financial markets, Sun noted … Read more

Recaro Automotive Supplier Declares Insolvency

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Recaro Automotive Supplier Declares Insolvency

The classic car seat factory Kirchheim unter Teck in Baden-Württemberg in Recaro Automotive. On Monday, the Esslingen District Court summoned temporary self-administration and selected Stuttgart lawyer Holger Blümle as acting manager. He is to discuss the financial situation of Recaro Automotive GmbH and observe the direction. The IG Metall union was accepted by Wonder by … Read more