Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX
Posted: Fri Nov 11, 2022 2:18 pm
Nov. 10, 2022 - The Ontario Teachers' Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.
Rival exchange platform Binance pulled out of a deal to purchase FTX due to significant concerns, sending cryptocurrency prices falling, with Bitcoin sinking to a two-year low.
FTX is now being investigated for potential securities violations.
Read more here:
https://www.ctvnews.ca/business/ontario ... -1.6148535
Rival exchange platform Binance pulled out of a deal to purchase FTX due to significant concerns, sending cryptocurrency prices falling, with Bitcoin sinking to a two-year low.
FTX is now being investigated for potential securities violations.
Read more here:
https://www.ctvnews.ca/business/ontario ... -1.6148535