FTX Collapse Hits Asset Management Giant BlackRock

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The Street

By Luc Olinga Bankrupt cryptocurrency exchange FTX had the creme de la creme among its investors. The list of collateral victims of the bankruptcy of the FTX cryptocurrency exchange continues to grow. Crypto lender BlockFi announced on November 28 that it had filed for bankruptcy due to its exposure to FTX, which had bailed out the firm during the liquidity crisis that impacted the industry in the summer of 2022. Now it’s the turn of the asset management giant BlackRock to announce its exposure to the fall of FTX. “We’re going to have to wait to see how this all plays out (with FTX). I mean, r…

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