Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX

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The Ontario Teachers\u0027 Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.

Rival exchange platform Binance pulled out of a deal to purchase FTX due to significant concerns, sending cryptocurrency prices falling, with Bitcoin sinking to a two-year low.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

It says any financial loss on its investment in FTX will have limited impact on the pension plan because the investment represents less than 0.05 per cent of its total net assets.We apologize, but this video has failed to load.

 

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Time to pull their money out of MLSE

Too risky for a pension fund - good thing it wasn’t more!

Total assets: 221 billion

Makes sense that the clueless woke mob wouldn’t have any financial sense.

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