Just In: Blackrock CEO Larry Fink Says FTX Failed Due To FTT Token
2y ago
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FTX News: Asset manager Blackrock is one of the big names associated with investments in bankrupt crypto exchange FTX. In a latest, Larry Fink, the chairman and CEO of BlackRock, made some interesting comments on the Sam Bankman-Fried crypto empire collapse. He said Blackrock had a $24 million investment in FTX, which filed for bankruptcy earlier in November. The crypto exchange faced a significant liquidity crunch linked to alleged diversion of user funds to other companies owned by Sam Bankman-Fried.
“FTX failed because it created its own token.”
The post Just In: Blackrock CEO Larry Fink Says FTX Failed Due To FTT Token appeared first on CoinGape.
2y ago
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