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FT GLOBAL CAPITAL, INC. STEPS UP ITS ENFORCEMENT EFFORTS AGAINST FUTURE FINTECH TO COLLECT ON THE $10.8 JUDGMENT

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MIAMI BEACH, Fla., Aug. 30, 2024 /PRNewswire/ — FT Global Capital, Inc. (“FT Global”), a Miami Beach-based registered broker-dealer and investment banking firm, announced today that it has stepped up its enforcement efforts to collect on $10.8 million Judgment against Future FinTech Group Inc. (Nasdaq: FTFT) (“Future FinTech”). On January 14, 2021, FT Global brought this lawsuit based on Future FinTech’s failure to pay fees after raising over $80 million from investors that FT Global introduced to Future FinTech.

On April 16, 2024, the U.S. District Court for the Northern District of Georgia entered an Amended Judgment in favor of FT Global against Future FinTech in the approximate amount of $10.8 million. Future FinTech later moved to vacate the Amended Judgment, but failed to post any bond. On May 21, 2024, the Court ruled that FT Global could enter the Amended Judgment in other Federal Districts, allowing FT Global to commence further enforcement proceedings. FT Global has entered the Amended Judgment in the Southern District of New York, among other courts. To date, Future FinTech has not yet paid any of the judgment.

On August 28, 2024, the District Court in New York granted FT Global’s motion for an order directing FTFT to turn over the shares of its subsidiaries to be sold to satisfy the Amended Judgment. The Court’s Order provides, in pertinent part, that “…Defendant shall turn over the shares, membership, or limited partnership interests in all of its subsidiaries, and the corporate seals of its China and Hong Kong-based subsidiaries, to the U.S. Marshal for auction or sale until the judgment is satisfied.” While FT Global intends to work with the U.S. Marshal in connection with the foregoing, it is unclear if the subsidiaries have sufficient value to pay the Amended Judgment.

Earlier, FT Global, through its counsel, served a third-party subpoena on Fortune CPA, Inc., Future FinTech’s independent public accounting firm, to obtain information relating to banking and financial accounts of Future FinTech. On August 8, 2024, the U.S. District Court for the Central District of California denied Future FinTech’s motion to quash the subpoena, thus requiring Fortune CPA to turn over the requested records.

FT Global intends to continue with its enforcement effort, as appropriate, which may include seeking relief in additional jurisdictions in the United States, in foreign jurisdictions or against Future FinTech’s officers and directors.

About FT Global Capital, Inc.

FT Global Capital, Inc. is an investment banking firm and a FINRA member firm based in Miami Beach, FL and New York, NY.

Olshan Frome Wolosky LLP, a New York law firm, serves as FT Global’s litigation counsel. Eric Lang, Esq. of Lang Legal served as co-counsel.  FT Global has also retained local counsel in various jurisdictions to prosecute its enforcement effort, noted above.

About Future FinTech

Future FinTech Group Inc.’s filings made with the U.S. Securities and Exchange Commission are at https://www.sec.gov/edgar/search/#/ciks=0001066923&entityName=Future%2520FinTech%2520Group%2520Inc.%2520(FTFT)%2520(CIK%25200001066923).

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Contact: 

Alec Orudjev
General Counsel, FT Global Capital, Inc.
646-202-2619 phone

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SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition

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SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.

SmartBubble: Concentration of Technology and Design

Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.

SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.

SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition

SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.

SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.

SeaBubbles: Vision for the Future

SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.

“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”

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AxiCom for SeaBubbles, [email protected] 

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BingX Lists AgentLayer on Launchpool, Unlocking New Staking Opportunities

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VILNIUS, Lithuania, Sept. 13, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is thrilled to announce the launch of a new digital asset, AgentLayer ($AGENT), on its Launchpool. As a decentralized network for autonomous AI agents, AgentLayer is designed to coordinate and collaborate with human oversight in a permissionless environment. At the heart of this innovation is $AGENT, a new AI currency that powers the Agent Economy on the Base blockchain, enabling the minting, deployment, and swapping of AI assets on-chain. This limited-time staking event will take place from September 13 to September 18, giving BingX users the chance to earn AGENT tokens while discovering the potential of this innovative AI-powered project.

Vivien Lin, Chief Product Officer at BingX and Head of BingX Labs, shared her enthusiasm about the listing of AgentLayer on the Launchpool, highlighting the project’s potential to revolutionize AI-driven technologies. “We believe that AgentLayer represents a significant step forward in how AI agents can collaborate autonomously across industries. This token listing should make it easier for users to engage with this exciting new frontier of decentralized AI, unlocking incredible opportunities for growth and innovation.”

BingX Launchpool is built to provide a seamless and rewarding staking experience for its users. They can deposit or withdraw their staked assets at any time during the event period. Rewards are generated hourly based on random snapshots and automatically credited to participants’ accounts. Once the event ends, the staked assets will be automatically returned to BingX users, ensuring a smooth and risk-free experience.

In this round, participants can stake USDT or BTC, with a total reward pool of 6.5 million AGENT tokens. This Launchpool has a deposit limit, allowing BingX users to stake up to 20,000 USDT in the USDT pool and up to 0.35 BTC in the BTC pool. BingX users can further maximize their rewards by participating in a later staking activity involving AGENT.

The introduction of AgentLayer on BingX Launchpool is part of the exchange’s ongoing commitment to providing users with access to cutting-edge blockchain projects and fostering innovation within the cryptocurrency space. With flexible staking options, automated rewards, and risk-free asset management, BingX continues to enhance user engagement and bring meaningful opportunities to its global community.

About BingX

Founded in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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ATFX Connect Launches NDFs

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LONDON, Sept. 13, 2024 /PRNewswire/ — ATFX Connect, the trading name of AT Global Markets (UK) Limited (“ATFX”), announces the addition of Non-Deliverable Forwards (“NDFs”) to its product portfolio.

This additional offering will provide the company’s global client base with access to pricing and currency markets in Asia and LATAM.

This significant addition means that ATFX Connect, the institutional arm of AT Global Markets (UK) Limited, can provide its global customer base with enhanced liquidity and transparency across a wider range of products. This reflects increasing demand from its clients for electronic trading capabilities in NDFs, and the ability to automate and offer streaming prices, thus allowing clients to participate more effectively in this space.

Wei Qiang Zhang, the Managing Director of ATFX Connect, shared his excitement about the new addition: “This is a testament to the firm’s unwavering commitment to our global client base. By offering electronic pricing and access to NDFs, we are meeting the evolving needs of our clients. Our focus on automation and real-time streaming prices means greater liquidity and transparency and reflects our dedication to innovation and excellence in serving our institutional clients.”

The electronification of NDFs has become key in the institutional market as demand from the Buy side has transitioned away from voice execution, and market participants now seek a more automated approach, allowing for greater liquidity and transparency when trading. This launch shows ATFX Connect’s commitment to offer clients more dynamic and systematic solutions and reflects its strong partnerships with the LPs, who continue to support ATFX globally.

Get in touch with the ATFX Connect sales team to find out more at www.atfxconnect.com

About ATFX Connect

ATFX Connect is a trading name of AT Global Markets (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. ATFX Connect’s bespoke liquidity offerings are available to institutions, hedge funds, broker-to-broker, family offices, asset managers, and High-Net-Worth Individuals.

ATFX Connect supports institutional clients by providing them with direct market access to liquidity from T1 banks and non-bank providers in Spot FX, Precious Metals, CFDs, and NDFs. In addition, the flexible infrastructure enables ATFX to manage aggregation and pricing and allows integration with any third-party platform.

AT Global Markets (UK) Limited is part of the ATFX Group.

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