Buy Crypto
Pay with
Markets
NFT
Feed
USD
Flash news
copy link
create picture
more

BlackRock CEO Says Firm Had Invested $24 Million in FTX: Reuters

Nelson Wang - CoinDesk
2022-11-30 16:03
Full disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own research.See full terms here.
BlackRock CEO Larry Fink specified that the asset management giant had invested $24 million in FTX before its collapse, according to Reuters. Fink was speaking at the New York Times Dealbook conference on Wednesday.
Fink also said it looked like there were misbehaviors in FTX, but would not speculate on whether BlackRock and venture capital firm Sequoia, which had invested $213.5 million in FTX and has since marked that amount down to zero, had been misled by FTX, Reuters reported.
FTX owes its top 50 creditors more than $3 billion and has an estimated 1 million creditors in total.
View full text