Ontario Teachers' Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing 'Potential Fraud' – Featured Bitcoin News

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Ontario Teachers' Pension Plan, one of the largest pension plans in the world, is writing down its entire investment in FTX. crypto cryptocurrency

Ontario Teachers' Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing 'Potential Fraud'

The statement explains that the Ontario Teachers’ Venture Growth fund invested C$75 million in FTX International and its U.S. entity, FTX US, in October last year. In January, the fund made a follow-up investment of C$20 million in FTX US.Our investment represented less than 0.05% of our total net assets and equated to ownership of 0.4% and 0.5% of FTX International and FTX US, respectively.

 

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