A growing number of pension funds and investment firms have revealed since the bankruptcy filing by cryptocurrency exchange FTX that they were directly or indirectly exposed to Sam Bankman-Fried’s crypto empire, resulting in hefty losses for investors in the United States and Canada.
The disclosures come as many of these pension funds and Wall Street firms have been decimated by the stock market meltdown in 2022 and exacerbated by the Federal Reserve’s rate-tightening campaign.
