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

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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