One of the world's largest pension plans is set to write its investment in FTX down to zero following the firm's bankruptcy filings.
Crypto OTC trading firm Genesis Block HK has more than $50 million stuck on FTX, a person with direct knowledge told The Block.
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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
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TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
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The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
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The Fall of Crypto's Golden Boy - The Journal. - WSJ PodcastsUntil last week, FTX founder Sam Bankman-Fried was the face of crypto. Admirers saw him as an approachable, friendly billionaire eager to deploy his wealth for good. Then his crypto empire imploded, leaving hundreds of thousands of investors’ assets in doubt. WSJ’s Greg Zuckerman profiles the man behind FTX. Further Reading: -How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain -FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall -Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds -FTX’s Collapse Leaves Employees Sick With Anger Further Listening: -How Crypto Giant FTX Suddenly Imploded
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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.
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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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