BlackRock CEO Larry Fink clearly An asset manager invested $24 million in FTX, which is considered lost.
Fink added that the investment is small and not part of Blackrock’s core business. Fink admitted the loss in an interview with a New York Times columnist on Nov. 30. Andrew Sorkin.
Has Blackrock been tricked?
After Fink’s approval, Sorkin said most of the big companies, including Blackrock and Sequoia Capital, invested in FTX and all suffered losses.
“No one seemed to care about the store.”
Sorkin stated and asked Fink’s opinion on the matter.
Fink said he didn’t think anyone “cared about the store.” “Look at the Sequoias of the world,” Fink said. I’m sure they paid due attention.
However, Fink also acknowledges that Sequoia may have been misled during its due diligence. He said:
“They are [Sequoias of the world] Confused? could they have done something else? Were you misled by the tiny little investment we made? Of course. But I’m not going to speculate until more facts come out.
Sequoia Capital has announced that it has invested $200 million in FTX, withdrawing its investment to zero on November 10th.
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