Ethereum World News
2022-11-18 19:08:06

Canadian pension fund says they will write off $95 million stuck on FTX

Summary: Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX. The pension fund announced the decision as Sam Bankman-Fried’s companies filed for bankruptcy in Delaware and New York. Another firm wrote off $150 million stranded on Celsius after the crypto lender collapsed in June. Ontario Teachers’ does not plan to pursue recovery of its $95 million investment in crypto exchange FTX. According to the announcement, the giant Canadian pension fund will write off its entire

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