FTX Crash: SoftBank writes off $100 Million it invested in now bankrupt crypto exchange FTX
Shortpedia
Content Team
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Beleaguered Japanese investment firm SoftBank has reportedly written off about $100 million it invested as part of its Vision Fund 2 in now bankrupt crypto exchange FTX. According to MarketWatch, the investment is now marked down to zero with SoftBank saying "it would not face a material markdown in the value of its stake".
