Circle Reveals FTX Exposure With $10.6 Million In Equity Investments

16.11.2022 17:49

Twitter

Circle claimed in a recent regulatory filing that its performance would be materially lower than the predictions it provided in February as a result of the failure of FTX and the automated conversions of USD Coin on Binance.

According to fresh regulatory filings, the company revealed that the tiny FTX equity that Circle CEO Jeremy Allaire had hinted at on Twitter the previous week is actually a $10.6 million investment the company made in the FTX Group.

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