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Market News BlackRock’s Fink says there may have been misbehaviors at FTX

BlackRock’s Fink says there may have been misbehaviors at FTX

Despite there appears to have been some improper behavior at the cryptocurrency startup FTX

Skylar Shaw

2022-12-01

323

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Despite there appears to have been some improper behavior at the cryptocurrency startup FTX, BlackRock's Chief Executive Officer Larry Fink stated on Wednesday that the technology underlying cryptocurrencies is still important today.

We'll have to wait and see how everything turns out (with FTX). At a New York Times Dealbook event, Fink said, "I mean, right now we can make all the judgment calls and it appears like there were misbehaviors of big implications." He added that BlackRock invested $24 million in FTX through a fund of funds it administers.