I’m sure they did but we’ll never hear about it. After the breaking of the Madoff scam Pols who received his money didn’t give it back but gave it to their favorite charities, they are doing the same with FTX money. The money should be put into an account until all legal procedings take place and then given back to investors.
—”I’m sure they did but we’ll never hear about it.”
Large lumps under the rug tend to be talked about.
Ontario Teachers writes off FTX stake, taking $95-million loss
Second time in three months that a major Canadian pension manager has been forced to write off a crypto investment
https://financialpost.com/fp-finance/ontario-teachers-writes-off-ftx-stake-taking-95-million-loss