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

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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.

 

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