Crypto Crash: Canadian Retirees Burn Their Fingers in Bitcoin

Published by
The Street

By Ellen Chang Ontario Teachers’ Pension Plan, Canada’s third-largest pension fund, was also an investor in FTX, the popular cryptocurrency exchange that filed for bankruptcy on Friday. The pension fund invested $75 million in FTX International and its U.S. entity, FTX.US, in October 2021. In January, the pension fund made an additional investment of $20 million in FTX.US. The investment’s impact is minimal because it represents less than 0.05% of the fund’s total net assets. Both investments were made in U.S. dollars and through its Teachers’ Venture Growth (TVG) platform because the pension …

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