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Oil prices edged lower on Tuesday as the market assessed the supply risks posed by the attack on Saudi Arabia while also weighing the prospect of increased Russian diesel supplies. US President Trump stated that Russia had agreed to supply diesel to the global market and announced a temporary lifting of sanctions on Russian fuel. This additional supply could help ease tensions in the global fuel market, thus alleviating some of the supply concerns that have recently supported crude oil prices. However, lawmakers from both parties complained that the agreement between Trump and Putin appears to violate US law, which prohibits the import of Russian energy before the end of the Russia-Ukraine conflict. Tim Waterer, chief analyst at KCM Trade, said that increased diesel supplies from Russia and the stabilization of pipeline transport from Saudi Arabia have provided some relief, but the market still seems more concerned about the risk of further attacks on ships or pipelines in the Gulf region.Japans seasonally adjusted annualized bank lending rate (excluding trusts) was 5.7% in September, compared with 5.80% in the previous month.Japans seasonally adjusted annualized bank lending rate was 5.3% in September, down from 5.40% in the previous month.October 13 - According to AFP, Houthi political bureau member Buhati said on the 12th that if the United States participates in an aggression against Yemen, the Houthis will respond swiftly and painfully, and will strike the United States and all its interests in the region.Japanese Finance Minister Satsuki Katayama: He will assume the role of Chairman of the Development Committee of the International Monetary Fund and the World Bank starting next April.

U.S. probes how $370 million vanished in hack after FTX bankruptcy

Cory Russell

Dec 28, 2022 14:17

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According to a source familiar with the investigation, Bloomberg News reported on Tuesday that federal authorities are looking into an alleged cybercrime that allegedly siphoned out more than $370 million from cryptocurrency exchange FTX hours after it filed for bankruptcy.


The Department of Justice's criminal investigation into the stolen property is unrelated to the fraud case against FTX co-founder Sam Bankman-Fried, the report said.


The Manhattan U.S. attorney's office representative declined to confirm or comment on the matter, while FTX and the DoJ did not immediately reply to a request for comment from Reuters.


Bankman-Fried left his position as CEO and FTX filed for bankruptcy in the United States last month after traders withdrew billions from the platform in just three days and a competing exchange, Binance, abandoned a rescue plan.


The US Department of Justice charged Bankman-Fried with orchestrating a "fraud of epic dimensions" that cost FTX billions of dollars, according to a US prosecutor.


Bankman-Fried established FTX in 2019 and profited on a surge in the value of bitcoin and other digital assets to become a multi-billionaire and a significant contributor to American political campaigns.


Fears over the future of the cryptocurrency sector have increased as a result of the FTX collapse after the troubled exchange declared a "serious liquidity issue.