Ontario Teachers’ Pension Plan is latest FTX investor to mark venture investment to zero

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.

Pensions in a speculative asset like crypto

This is what happens when speculation goes wild. Ever since the advent of online trading and crypto boom people treat these assets like a casino with no care for the genuine underlying value.

Oopsieee, hope my org doesn’t have to make up for this loss for Teachers.

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