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Coinbase will write off investment its venture arm made in FTX

Coinbase will write off investment its venture arm made in FTX

Coinbase global says it will write off investment its ventures arm made in FTX.

  • Coinbase will participate in FTX bankruptcy proceedings to seek a claim hundred $15 million in deposits at the exchange
  • Exposure to FTX is not material to its balance sheet

Coinbase is also saying that FTX has ceased processing withdrawals around midday Friday.

This article was written by Greg Michalowski at forexlive.com... Read More
Posted: Nov 11 2022, 19:27
Author Name: forexlive
Views: 110132

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