🪙🌈 No Worry Beef Curry, FTX Miss Chance Fo’ Make Big Kala 💰

So, da FTX, dat one crypto exchange run by da big kahuna Sam Bankman-Fried, wen go belly up, yeah? Plenny kine stuffs been going down tryna sort out da mess. One biggie kine thing jus’ wen surface – looks like FTX wen miss out on one goldmine kine opportunity afta dem guys wen let go warrants fo’ buy dis not-so-famous crypto token. 🤔💸🔀

Dis token, dey call um Sui. Da buggah wen make da first time trading on May 3. FTX, now being run by da kine restructuring pro, John Ray III, wen sell all their Sui warrants jus’ befo’ da token wen start trading. John, you know, he wen make billions back fo’ da creditors from da big bankruptcies of Enron, Fruit of the Loom and Nortel Networks. Not too shabby, yeah? 📊📈👨‍💼

If FTX wen hang onto da warrants, dey would have one asset worth ova one billion dollas dis morning, even afta da value wen drop 75 percent since da trading wen start last week. Talk about one missed chance fo’ make big kine kala! 📉💔💵

So here’s da scoop on top Sui: FTX wen put down about $101 million in Mysten Labs last year. Mysten, dey wen building one blockchain platform called Sui, based on top da technology dey wen make fo’ Diem, dat one project from Facebook dat neva wen take off. Mysten wen draw in investors like Andreessen Horowitz, da Silicon Valley venture capital firm, and da cryptocurrency exchange Coinbase, pushing its valuation up to about $2 billion at one time. 🏢🔗💻

FTX wen head da fundraising last summer. Dey ownership wen include warrants fo’ 890 million Sui crypto tokens dat would be available once da Sui platform wen launch. But den, FTX wen collapse couple months later. 😟💥📉

Den in March, FTX wen ask da bankruptcy court if can sell their interest in Mysten fo’ about $96 million, dat’s $5 million less den da initial investment. In April, da deal wen close. On May 3, Sui tokens wen start trading, and da prices wen shoot up quick. Dis morning, Sui was trading at $1.13. 📆💰🚀

FTX is in one mad dash fo’ get back every penny as da list of creditors wen get bigga. Even Mr. Bankman-Fried wen say dat if he had more time, he could find da assets of value in his big empire fo’ start paying back da customers and investors. 🏃💨💰

Last month, da IRS wen file nearly $44 billion worth of “priority” tax claims against FTX’s estate and its sister trading firms, CoinDesk reports. FTX has already found billions fo’ creditors. “Da situation has been stabilized and da dumpster fire is out,” da company’s lawyers wen tell one bankruptcy judge last month, revealing dat they wen recover more than $7 billion. 👨‍⚖️🔥💸

But amongst da crypto community on Twitter, had some guys wen snicker dat FTX wen miss one big opportunity with Sui. 🐦😏💔

Shares in Carl Icahn’s publicly traded investment vehicle wen take one 15 percent dive on Wednesday, afta it wen come out dat da federal prosecutors in Manhattan wen ask fo’ documents following allegations by da short seller Hindenburg Research. 😱📉🔍

But Mr. Icahn, da one billionaire in his 80s who stay known fo’ his long career of shaking up companies, he made clear he not going down without one fight. 💪💼💥

Here’s da recap: Hindenburg, who makes kala by betting dat one company’s shares will fall, said in one report last week dat Icahn Enterprises was running “Ponzi-like economic structures” by paying out one big fat dividend financed by stock sales. Da short seller also said da company was super overvalued. 📝💣💵

Da accusations wen leave their mark: Icahn Enterprises’ stock price is down 40 percent since Hindenburg wen publish its report. Dat also hits Mr. Icahn directly, since most of his shares in da firm — he owns 84 percent of it — stay pledged as collateral for bank loans. 📉💔💼

Mr. Icahn wen take off da gloves, calling Hindenburg one peddler of “disinformation campaigns to distort companies’ images, damage their reputations and bleed the hard-earned savings of individual investors.” He added dat “unlike many of its victims, we will not stand by idly.” 🥊📰💪

Meanwhile, Icahn Enterprises wen note in one securities filing dat federal prosecutors no accuse the company or Mr. Icahn of doing anything wrong, and dat they stay cooperating with the inquiry. Hindenburg itself no accuse either of fraud. 📚🔍👀

But Icahn also shifting strategy. He chalked up his company’s financial underperformance to its bets against the stock market, and said it would focus more on shareholder activism, da investment strategy dat made Icahn one billionaire. 💡🔄💰

Speaking of which, Mr. Icahn wen score one win in his fight against the gene sequencing company Illumina on Wednesday, afta the proxy advisory firm Glass Lewis recommended dat investors approve two of his nominees for Illumina’s board. 🏆🧬🎯

So das da news, braddahs and sistahs. Remember, no let da big kine opportunities pass you by, yeah? 🌺🌈🤙

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NOW IN ENGLISH

🪙🌈 No Worries, FTX Misses Out on Big Money Opportunity 💰

So, FTX, the crypto exchange led by bigwig Sam Bankman-Fried, went bankrupt, right? A lot of stuff has been happening trying to sort out the mess. A significant thing just surfaced – it seems FTX missed out on a golden opportunity after they let go of warrants to buy this lesser-known crypto token. 🤔💸🔀

This token is called Sui. It made its first time trading on May 3. FTX, now run by restructuring pro, John Ray III, sold all their Sui warrants just before the token started trading. John, you know, he’s the one who’s recouped billions for creditors from the big bankruptcies of Enron, Fruit of the Loom, and Nortel Networks. Pretty impressive, right? 📊📈👨‍💼

If FTX had held onto the warrants, they would own an asset worth over one billion dollars this morning, even after the value dropped by 75 percent since trading started last week. Talk about a missed chance to make big money! 📉💔💵

So here’s the lowdown on Sui: FTX invested about $101 million in Mysten Labs last year. Mysten was building a blockchain platform called Sui, based on the technology developed for Diem, that Facebook project that never took off. Mysten attracted investors like Andreessen Horowitz, the Silicon Valley venture capital firm, and the cryptocurrency exchange Coinbase, pushing its valuation at one point to about $2 billion. 🏢🔗💻

FTX led the fundraising last summer. Their ownership included warrants for 890 million Sui crypto tokens that would be available once the Sui platform launched. But then, FTX collapsed a few months later. 😟💥📉

Then in March, FTX asked the bankruptcy court to sell its interest in Mysten for about $96 million, which is $5 million less than the initial investment. In April, the deal closed. On May 3, Sui tokens started trading, and the prices shot up quickly. This morning, Sui was trading at $1.13. 📆💰🚀

FTX is in a mad rush to recoup every penny as the list of creditors got larger. Even Mr. Bankman-Fried said that if he had more time, he could find the valuable assets in his large empire to start paying back the customers and investors. 🏃💨💰

Last month, the IRS filed nearly $44 billion worth of “priority” tax claims against FTX’s estate and its sister trading firms, as reported by CoinDesk. FTX has already found billions for creditors. “The situation has stabilized and the dumpster fire is out,” the company’s lawyers told a bankruptcy judge last month, revealing that they had recovered more than $7 billion. 👨‍⚖️🔥💸

But among the crypto community on Twitter, some were smirking that FTX missed a big opportunity with Sui. 🐦😏💔

Shares in Carl Icahn’s publicly traded investment vehicle took a 15 percent dive on Wednesday, after it was revealed that federal prosecutors in Manhattan had asked for documents following allegations by the short seller Hindenburg Research. 😱📉🔍

But Mr. Icahn, the billionaire in his 80s known for his long career of shaking up companies, made it clear he’s not going down without a fight. 💪💼💥

Here’s the recap: Hindenburg, who makes money by betting that a company’s shares will fall, said in a report last week that Icahn Enterprises was running “Ponzi-like economic structures” by paying out a large dividend financed by stock sales. The short seller also said the company was extremely overvalued. 📝💣💵

The accusations left their mark: Icahn Enterprises’ stock price is down 40 percent since Hindenburg published its report. That also hits Mr. Icahn directly, since most of his shares in the firm — he owns 84 percent of it — are pledged as collateral for bank loans. 📉💔💼

Mr. Icahn came out swinging, calling Hindenburg a peddler of “disinformation campaigns to distort companies’ images, damage their reputations and deplete the hard-earned savings of individual investors.” He added that “unlike many of its victims, we will not stand by idly.” 🥊📰💪

Meanwhile, Icahn Enterprises noted in a securities filing that federal prosecutors have not accused the company or Mr. Icahn of any wrongdoing, and they are cooperating with the inquiry. Hindenburg itself has not accused either of fraud. 📚🔍👀

But Icahn is also changing strategy. He attributed his company’s financial underperformance to its bets against the stock market and said it would focus more on shareholder activism, the investment strategy that made Icahn a billionaire. 💡🔄💰

Speaking of which, Mr. Icahn scored a win in his fight against the gene sequencing company Illumina on Wednesday, after the proxy advisory firm Glass Lewis recommended that investors approve two of his nominees for Illumina’s board. 🏆🧬🎯

So that’s the news, folks. Remember, don’t let big opportunities pass you by, okay? 🌺🌈🤙