It is stated that Japanese investment giant SoftBank expects a loss of $ 100 million with the collapse of FTX.
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. SoftBank, one of these companies, has made serious investments for FTX. 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 SoftBank added the FTX company to its billions of dollars of investments. FTX also made statements on the subject. The crypto exchange reported that it received an investment of $ 1.3 billion from a group of investors, including SoftBank.
According to a statement from a source close to the SoftBank company, the $100 million stock investment made by the investment company suffered a loss. 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.
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