FTX Bankruptcy: FTX collapse hit by fraudulent transactions, analysts record over $600 million in outflow of funds

Cryptocurrency exchange FTX was engulfed in more chaos on Saturday when the company said it had discovered unauthorized transactions, with analysts noting that millions of dollars worth of assets had been moved from the platform to “suspicious circumstances“. FTX filed for bankruptcy on Friday in one of the biggest crypto explosions ever, after traders rushed

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Inflation likely peaked in October – analysts

INFLATION could pick up again in October due to higher food and commodity prices, as well as rising fares, according to economists polled by The Manila Times. The median forecast among the five analysts was 7.3 percent, within the Bangko Sentral ng Pilipinas (BSP) estimate of 7.1 to 7.9 percent for the month and up