Ontario Teachers’ venture growth platform invested $95 million in FTX equity. It’s now worth nothing.
It’s relatively rare for an institutional investor to make a public statement about a loss on a venture-capital investment, but nothing about FTX International’s $32 billion blow-up and bankruptcy is normal.
Citing recent reports about potential fraud at FTX, Ontario Teachers’ Pension Plan said the development “is deeply concerning for all parties” and that it fully supports efforts by regulators and others to review the risks and causes of failure at the company.
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