BlackRock Chief Executive Fink Said Firm Invested $24 Million in FTX
BlackRock Chief Executive Larry Fink said that the firm invested $24 million in FTX through a fund of funds it manages, according to <a href="https://www.reuters.com/technology/blackrocks-fink-says-there-may-have-been-misbehaviors-ftx-2022-11-30/">Reuters</a>.
Just In: Blackrock CEO Larry Fink Says FTX Failed Due To FTT Token
Asset manager Blackrock is one of the big names associated with investments in bankrupt crypto exchange <a href="https://coingape.com/tag/ftx/">FTX</a>. In a latest, Larry Fink, the chairman and CEO of BlackRock, made some interesting comments on the Sam Bankman-Fried crypto empire collapse. He said Blackrock had a $24 million investment in FTX, which filed for bankruptcy earlier in November. The crypto exchange faced a significant liquidity crunch linked to alleged diversion of user funds to other companies owned by <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a>.
BlackRock Managing Funds for Circle’s USDC Stablecoin Reserves
Circle announced that asset manager BlackRock is managing a bespoke government money market fund specifically for Circle, the issuer of the USDC stablecoin, the second largest.
