The Ontario Teachers’ Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.
Rival exchange platform Binance pulled out of a deal to purchase FTX due to significant concerns, sending cryptocurrency prices falling, with Bitcoin sinking to a two-year low.
Get breaking National news
FTX is now being investigated for potential securities violations.
OTPP says it invested in FTX’s international and U.S. arms through its Teachers’ Venture Growth platform so it could gain small-scale exposure to this emerging area.
- With school violence on the rise, teachers say cuts will further strain classrooms
- Thousands of Calgary families facing a big jump in school bus fees next year
- Good Roots program aims to grow STEM interest among Indigenous youth
- How Montreal researchers are helping kids identify fake information online
-
![]()
Chilliwack boy badly hurt after being hit by e-scooter -
![]()
Canada-wide science fair underway in Edmonton -
![]()
Dozens of Calgary students join in on the weekly Bike Bus aimed at improving physical activity, safety and education -
![]()
BC’s education minister has seen text messages in the Victoria School Board trustees firing court case
It says any financial loss on its investment in FTX will have limited impact on the pension plan because the investment represents less than 0.05 per cent of its total net assets.
Customers were fleeing FTX after concerns arose that it might not have sufficient capital.
Comments
Want to discuss? Please read our Commenting Policy first.