Technical Analysis

Coinbase will write off investment its venture arm made in FTX

Coinbase global says it will write off investment its ventures arm made in FTX.

  • Coinbase will participate in FTX bankruptcy proceedings to seek a claim hundred $15 million in deposits at the exchange
  • Exposure to FTX is not material to its balance sheet

Coinbase is also saying that FTX has ceased processing withdrawals around midday Friday.

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