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Galaxy Digital Cuts Down Exposure to FTX to 38%

Galaxy Digital Cuts Down Exposure to FTX to 38%

Galaxy Digital, a digital asset financial services firm, says it has started the process of withdrawing $47.5 million from its $76.8 million exposure in cash and digital assets to the embattled cryptocurrency exchange FTX. This figure represents 62% of its holding in FTX and therefore means that it is reducing its holding to 38%.

Michael Novogratz, the Founder and CEO of Galaxy Digital, revealed this on Wednesday in a press statemen... Read More

Posted: Nov 9 2022, 20:46
Author Name: financemagnates
Views: 110137

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