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Coinbase will write off investment its venture arm made in FTX

Started by forex4you, Nov 12, 2022, 02:12 pm

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Nov 12, 2022, 02:12 pm
Coinbase will write off investment its venture arm made in FTX

<p>Coinbase global says it will write off investment its ventures arm made in FTX. </p><ul><li>Coinbase will participate in FTX bankruptcy proceedings to seek a claim hundred $15 million in deposits at the exchange</li><li>Exposure to FTX is not material to its balance sheet </li></ul><p>Coinbase is also saying that FTX has ceased processing withdrawals around midday Friday.</p>

                This article was written by Greg Michalowski at forexlive.com.

Source: Coinbase will write off investment its venture arm made in FTX

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