According to BlackRock CEO Larry Fink, there appears to have been some misbehavior at crypto firm FTX, but the technology behind crypto is relevant for the future.
“We’ll have to wait and see how this all plays out” (with FTX). “I mean, right now we can make all the judgment calls, and it looks like there were major misbehaviors,” Fink said at a New York Times Dealbook event, adding that BlackRock invested $24 million in FTX through a fund of funds it manages.
Fink also stated that it appeared that 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 reduced that amount to zero, had been misled by FTX.
FTX owes more than $3 billion to its top 50 creditors and an estimated 1 million creditors in total.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive…
Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…
Phantom iOS users are warned that a recent app update caused some users to log…
Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…
The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…
Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…
This website uses cookies.
