Asset manager BlackRock lost $24 million in FTX collapse

FlavienDecember 1, 2022

Less than a minute

Asset manager BlackRock lost $24 million in FTX collapse

BlackRock is one of the biggest hedge funds around the world, with an estimated $10 trillion in assets under management as of January 2022.
Also speaking at DealBook Summit with NYT journalist Andrew Sorkin, BlackRock’s CEo Larry Fink declared that the fund had invested in FTX $24 million, along other major hedge funds, like Sequoia Capital.
The latter revealed on Nov. 10, just after the collapse, that they had invested $200 million in FTX. Both funds marked their investments as lost with regards to the situation.

Stay ahead of the game with our Crypto News.
Boost your knowledge about Crypto with our Crypto Encyclopedia.

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.