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 (https://forexlive.com/Cryptocurrency/coinbase-will-write-off-investment-is-venture-are-made-in-ftx-20221111/https://forexlive.com/Cryptocurrency/coinbase-will-write-off-investment-is-venture-are-made-in-ftx-20221111/)
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