Cryptocurrency: Ont. Teachers’ Pension Plan invested in failing platform


The Ontario Teachers’ Pension Plan says it invested US$95 million into failing cryptocurrency trade platform FTX Trading.

Rival trade platform Binance pulled out of a deal to buy FTX attributable to important issues, sending cryptocurrency costs falling, with Bitcoin sinking to a two-year low.

FTX is now being investigated for potential securities violations.

OTPP says it invested in FTX’s worldwide and U.S. arms via its Teachers’ Venture Growth platform so it might acquire small-scale publicity to this rising space.

It says any monetary loss on its funding in FTX can have restricted impression on the pension plan as a result of the funding represents lower than 0.05 per cent of its complete web property.

Customers have been fleeing FTX after issues arose that it may not have adequate capital.

This report by The Canadian Press was first revealed Nov. 10, 2022.


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