Orlando Bravo told investors he was ‘shocked’ by FTX losses: source

  • 📰 nypost
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 67%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Orlando Bravo — the head of one of the US’s biggest tech investment firms — apparently felt he had some explaining to do this week.

, the crypto exchange formerly headed by 30-year-old Sam Bankman-Fried — and held an unusual call with investors on Tuesday to own up to his mistake, sources told On The Money.estimating his net worth at $7.9 billion — admitted that he was “shocked” FTX went bankrupt on the call, a source close to the situation said.

“Some investors were in disbelief that a firm of Thoma Bravo’s sophistication could put millions to work in an investment where there wasn’t a board or even a CFO,” a source said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines