Larry Fink, BlackRock Chairman and CEO said that the firm invested $24 million in the now-bankrupt cryptocurrency exchange FTX through the funds it manages. He added that despite the fact that FTX collapsed, the technology behind crypto is still relevant in the future. Fink opined that FTX failed because it created its own centralized FTX […]
that the firm invested $24 million in the now-bankrupt cryptocurrency exchange FTX through the funds it manages. He added that despite the fact that FTX collapsed, the technology behind crypto is still relevant in the future.
The Blackrock CEO was speaking at the New York Times’ 2022 Dealbook Summit on 30 November when he made these remarks. He said that despite believing that FTX’s token is itself responsible for its collapse, the technology underlying cryptocurrency and blockchain is revolutionary.According to Fink, most of the exchanges issuing centralized tokens are not going to be around.
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