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    QONEQT in Crypto News

    19-Nov-2022 12:46 PM


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    Nickel Digital, Metaplex and others continue to feel the impact of FTX collapse

    Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy.
    (3/7) While our treasury wasn’t directly impacted by the collapse of FTX and our fundamentals remain strong, the indirect impact on the market is significant and requires that we take a more conservative approach moving forward. —
    According to an announcement made by the Canadian-based teachers’ pension fund, it invested $75 million into FTX International and its US entity, FTX.US.
    According to founder and chief investment officer Michael Hall, the company has been unable to withdraw funds, which allegedly account for an estimated 6% of its $200 million in assets under management.
    Source: Hindustan Times
    #Crypto #NickelDigital #Metaplex