BlackRock Has $24 Million Stuck In FTX, CEO Says

BlackRock CEO Larry Fink has revealed that the asset management giant has $24 million invested in FTX before its collapse.

Fink made the revelation while speaking at the New York Times Dealbook conference on Wednesday.

Fink refused to speculate on whether BlackRock and venture capital firm Sequoia, which had invested $213.5 million in FTX and has since marked that amount down to zero, had been misled by FTX.

FTX has an estimated 1 million creditors in total.


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