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Trump’s Social Security tax cuts could hit future generations hard and propel the program’s insolvency by 2032, research warns

Despite presidential proclamations, Social Security’s financial outlook is more troubled than ever. A new report from the Committee for a Responsible Federal Budget (CRFB) warns that as Social Security turns 90, it’s “racing towards involvency,” with its retirement trust fund projected to become insolvent by late 2032, just seven years from now. For a typical … Read more

Justin Sun urges users to exit First Digital Trust amid insolvency concerns

Key Takeaways Justin Sun said First Digital Trust is insolvent and called on users to withdraw funds and regulators to intervene. The warning came hours after filings revealed Sun bailed out TUSD when $456M in reserves were frozen in unauthorized investments. Share this article Justin Sun issued a public warning earlier today, declaring that Hong … Read more

Su Zhu-backed crypto exchange OX.FUN under scrutiny over insolvency claims

OX.FUN, a hybrid perps crypto exchange backed by co-founders of the failed Three Arrows Capital hedge fund, is under scrutiny as data suggests it holds mostly its own OX token. Gamified crypto derivatives exchange OX.FUN, which lists Three Arrows Capital co-founder Su Zhu as its advisor, is firing back against accusations of its insolvency, saying … Read more

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