SoftBank Loses on FTX Investments - Coinleaks
Current Date:September 21, 2024

SoftBank Loses on FTX Investments

Japanese investment giant SoftBank‘of, FTXwith the collapse 100 millionIt was stated that he expected a loss of dollars.

Cryptocurrency exchange FTX also affected the global economy with its collapse. Many investment companies started reporting losses after the crash. Often supported by the crypto industry, FTX has also managed to attract the attention of non-crypto investment companies. one of these companies SoftBank, FTX made serious investments for With the effect of the last collapse, it was not announced how much the company lost officially. However, some analysts said that the Japanese investment giant lost close to $ 100 million.

SoftBank Invests Seriously in FTX

Japan-based global investment giant SoftBankamong billions of dollars of investments FTXHe added his company. FTX There were also comments on the subject. The crypto exchange is from a group of investors, including SoftBank. $1.3 billionHe stated that he had received an investment.

According to a statement by a source close to SoftBank, the investment firm’s 100 million dollars equity investment has suffered. The company has not yet published a balance sheet on this issue. But analysts worry that the damage could amount to billions of dollars.

The dark clouds created by the recent collapse have not left the market alone yet. After the earthquake, debris began to appear. Earlier in the day, BlockFi stated that it closed its transactions because it was affected by FTX events.