Crypto OTC trading firm Genesis Block HK has more than $50 million stuck on FTX, a person with direct knowledge told The Block.
The real 'magnitude' of the FTX saga is yet to be exposed. Sadly there are still many affected that haven't come to light.
Many were affected by the FTX saga, but some cases are sadder and more worrying as they are more than the 'money' and earns by some people. Many teacher's life is now sadly affected by the actions of some.
who is responsible for the DD on the investment?
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Pension Giant Ontario Teachers' Plans to Write Off All $95 Million Invested in Crypto Exchange FTXOne of Canada's biggest pension funds with almost $250B in AUM, Ontario Teachers' is writing down its entire $95M investment in bankrupt crypto exchange FTX_Official. Aoyon_A reports FTX_Official Aoyon_A FTX_Official Aoyon_A Did they not also lose funds with Celsius? FTX_Official Aoyon_A RIP to all my teacher friends that will feel the effects of this mismanagement. Pension plans are meant to be fairly low-med risk in order to sustain the value.. who’s bright idea was it to add such a high risk investment to this portfolio🤔
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As FTX collapses, Temasek becomes latest backer to write down $275 mln fundingSingapore state investor Temasek Holdings said it would write down the value of its entire investment of $275 million in collapsed crypto currency exchange FTX, in the latest move by FTX's investors. What does 'write down' mean in this context?
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New FTX CEO scorches SBF in bankruptcy filing, and celebrities sued over FTX ads: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Stéphane Ouellette, the CEO of FRNT Financial, discusses the potential contagion risks following FTX's collapse.
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