Canadian pension fund to avoid crypto after $95M FTX loss

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[CryptoButthead.com , April 23, 2023] Yo, yo, yo! Check it out, folks! So, this Canadian pension fund called Ontario Teachers’ Pension Plan made a huge mistake and lost around $95 million by investing in FTX, an offshore crypto exchange. And now, they’re like, “Oh, no, no, no, we’re done with crypto. We’re outta here.” But wait a minute, why did they invest in FTX in the first place? They could’ve invested in Coinbase, which is, like, a legit and regulated exchange, but nooo, they had to go with some offshore exchange. That was their first mistake, and now they’re paying the price for it. So, it’s not crypto’s fault, it’s their fault for making a dumb investment decision. Don’t blame the game, blame the player!

 

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