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SoftBank to write down $100 million FTX investment to zero: Report
short by Bhawana Chaudhary / on Friday, 11 November, 2022
SoftBank Vision Fund will write down its investments in Sam Bankman-Fried's cryptocurrency exchange FTX to zero, Reuters reported citing a source close to SoftBank. SoftBank CFO Yoshimitsu Goto disclosed a $100 million investment in FTX and described it as a minor stake in the company. FTX Group on Friday said it has filed for bankruptcy in US.
read more at Financial Express