Canada’s $190bn Ontario Teachers’ Pension Plan says it is steering clear of the cryptocurrency sector after writing off a $95mn investment in FTX, the failed digital currency exchange.
OTPP was among a number of big-name money managers to back FTX, with investments in 2021 and early 2022. The move was widely seen as a sign that high-profile, blue-chip investors were giving their stamp of approval to the fast-growing but lightly regulated crypto sector.
But in November 2022 OTPP wrote off its entire stake, following FTX’s dramatic collapse. The exchange’s high-profile founder, Sam Bankman-Fried, is now facing fraud charges.
您已閱讀17%（629字），剩余83%（3029字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。