Multicoin Capital to Write Off All Its FTX Positions, More Than $850M

The post Multicoin Capital to Write Off All Its FTX Positions, More Than $850M appeared first on Coinpedia Fintech News The crypto market’s downward movement for the year 2022 started […]

The post Multicoin Capital to Write Off All Its FTX Positions, More Than $850M appeared first on Coinpedia Fintech News
The crypto market’s downward movement for the year 2022 started from the Terra (LUNA) crash. While the market was still recovering where Bitcoin was gradually moving above, the FTX-Alameda crisis made it worse. The crisis has affected many other firms including Genesis Trading, BlockFi and Gemini. Now, with the latest updates, the reports reveal that …