According to Reuters, BlackRock’s Chief Executive Officer, Larry Fink, said that the company has invested $24 million in FTX via a fund of funds that the company controls.
The statements were delivered by Fink during a gathering that was organised by the New York Times DealBook.
According to Reuters, BlackRock’s Chief Executive Officer, Larry Fink, said that the company has invested $24 million in FTX via a fund of funds that the company controls.
In addition to this, he said that although there were some inappropriate activities at the cryptocurrency exchange FTX, the technology that underpins cryptocurrencies is still essential.
“The outcome of this situation is still yet to be determined (with FTX). I mean, right now we have all the information we need to make a decision, and it seems that there were serious transgressions with far-reaching repercussions, “Fink was quoted as saying this at an event held by the New York Times DealBook, according to Reuters.
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