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FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services

Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection. And Genesis Block will cease over-the-counter (OTC) trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to a Reuters report. Genesis Block Trading is unrelated to Genesis Global Capital, which is owned by Digital Currency Group (DCG). DCG is also the parent company of CoinDesk.

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Le géant des régimes de retraite Ontario Teachers' prévoit d'annuler la totalité des 95 millions de dollars investis dans la plateforme d'échange de Crypto FTX.

L'investissement dans la plateforme d'échange de Crypto , aujourd'hui en faillite, représentait moins de 0,05 % de l'actif net total du fonds.

(DALL-E/CoinDesk)

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