The collapsed crypto-trading platform owes about US$226 million to its largest creditor, it said in a bankruptcy court filing Saturday. (The Logic)
The collapsed crypto-trading platform owes about US$226 million to its largest creditor, it said in a bankruptcy court filing Saturday. (The Logic)
The collapsed crypto-trading platform owes about US$226 million to its largest creditor, it said in a bankruptcy court filing Saturday. (The Logic)
Talking point: FTX has more than one million creditors, according to court filings, and the Financial Post reports about 30,000 of them may be Canadian. The Ontario Teachers’ Pension Plan has written down the entire value of its US$95 million investment in the platform. Bloomberg reported Olivia Steedman, the head of Teachers’ venture capital arm, championed the investment, which was reviewed by multiple committees. The Canadian Securities Administrators issued a warning to crypto investors Monday, saying unregistered crypto-asset trading platforms continue to be accessible in Canada. Meanwhile, an independent examiner appointed in the chapter 11 case of Celsius—which attracted a since written-down US$150 million investment from the Caisse de dépôt et placement du Québec—found the collapsed crypto lender failed to adequately track customer deposits and keep them separate from funds used for investments.
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