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According to TheGlobeAndMail, a big cryptocurrency investment by the Ontario Teachers’ Pension Plan is in jeopardy amid the latest market turmoil for the sector.<br />Teachers, which is Canada’s third-largest pension fund, invested in trading platform FTX Ltd. a year ago at an announced US$25-billion valuation. Teachers watched Tuesday as FTX sold itself to rival Binance Holdings Ltd. after facing what Binance called a “liquidity crunch” for FTX.<br />Tokens such as bitcoin plunged to multiyear lows as investors rushed to exit the digital asset market upon Tuesday’s news from FTX.<br />The situation marks the second such stumble for a major Canadian pension plan in the world of crypto. In August, the Caisse de dépôt et placement du Québec completely wrote off its US$150-million investment in crypto platform Celsius Network Ltd., which filed for bankruptcy protection in July.

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【Ontario Teachers’ Pension Plan faces a hit on investment in crypto trading platform FTX】According to TheGlobeAndMail, a big cryptocurrency investment by the Ontario Teachers’ Pension Plan is in jeopardy amid the latest market turmoil for the sector.
Teachers, which is Canada’s third-largest pension fund, invested in trading platform FTX Ltd. a year ago at an announced US$25-billion valuation. Teachers watched Tuesday as FTX sold itself to rival Binance Holdings Ltd. after facing what Binance called a “liquidity crunch” for FTX.
Tokens such as bitcoin plunged to multiyear lows as investors rushed to exit the digital asset market upon Tuesday’s news from FTX.
The situation marks the second such stumble for a major Canadian pension plan in the world of crypto. In August, the Caisse de dépôt et placement du Québec completely wrote off its US$150-million investment in crypto platform Celsius Network Ltd., which filed for bankruptcy protection in July.

Ontario Teachers’ Pension Plan faces a hit on investment in crypto trading platform FTX

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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