Description: Ontario Teachers’ Pension Plan said it will write down its stake in FTX to zero, taking a US$95 million loss barely a year after making its first investment in Sam Bankman-Fried’s now-bankrupt cryptocurrency exchange.
Source: BNNBloomberg.ca – video report
Date: Nov 19, 2022
Questions for discussion:
- Summarize the analysis presented and evaluation of the decision to invest in FTX.
- What do you think of the decision to invest in crypto by a pension plan?