Ontario Teachers’ Pension Plan Writes Down FTX Investment to Zero

The Ontario Teachers' Pension Plan Board office is shown in Toronto, Sept. 28, 2021. The Canadian Press/Cole Burston

The Ontario Teachers’ Pension Plan says it is writing down its US$95-million investment in FTX, the cryptocurrency exchange that collapsed last week, to zero.

The Ontario pension fund invested US$75 million in FTX International and its US entity FTX.US in October 2021 followed by an additional US$20 million in FTX.US in January this year.