BlackRock’s Fink predicts most crypto firms will fold in wake of FTX meltdown
BlackRock Inc. Chairman and CEO Larry Fink
BlackRock was among the financial firms stung by the bankruptcy of the crypto exchange, having invested roughly $24 million in FTX through a fund of funds.
BlackRock Inc. Chief Executive Larry Fink said most crypto companies will probably fold in the wake of FTX’s collapse.
“I actually believe most of the companies are not going to be around,” Fink said Wednesday during a wide-ranging interview at the New York Times DealBook Summit.
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