Galaxy Digital reveals $77 million exposure to FTX in Q3 earnings

2022/11/09 12:41

According to TheBlock, Galaxy Digital has a $76.8 million exposure to FTX, of which $47.5 million is currently "in the withdrawal process," the company said in its third quarter earnings report. In addition, co-President, Damien Vanderwilt will step down in mid-January and take a seat on the board. The company reported a net loss of $68 million in the third quarter, and assets under management of nearly $2 billion, up 17% from the previous period.

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