BlackRock Chief Executive Fink said firm invested $24 million in FTX

Crypto Infrastructure • November 30, 2022, 12:07PM EST
UPDATED: November 30, 2022, 9:21PM EST
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Quick Take

  • BlackRock Chief Executive Larry Fink said that the firm invested $24 million in FTX through a fund of funds it manages, according to Reuters.

  • Fink made the remarks at an event hosted by the New York Times DealBook.

BlackRock Chief Executive Larry Fink said that the firm invested $24 million in FTX through a fund of funds it manages, according to Reuters.

He also said that there were some misbehaviors at the crypto exchange FTX, but that the technology behind crypto is still relevant.

"We're going to have to wait to see how this all plays out (with FTX). I mean, right now we can make all the judgment calls, and it looks like there were misbehaviors of major consequences," Fink said, during an event hosted by the New York Times DealBook, Reuters reported.

 


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Walden Siew

Walden is a veteran business and investing editor with more than 20 years running major titles and serving global media companies such as Thomson Reuters, Bloomberg, Investopedia and LinkedIn, where he was the company's first finance editor.

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To contact the editor of this story: Larry DiTore at [email protected]

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