Ontario Teachers' Pension Plan to write down $95 million FTX investment to zero

📆 18/11/2022 15:26:00

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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.

📆 18/11/2022 15:26:00
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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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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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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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