Investing in FTX and losing billions of dollars, founder of private equity fund Thoma Bravo vows to 'never touch' cryptocurrency again
According to CNBC, Orlando Bravo, founder of Thoma Bravo, a US private equity investment firm, stated that he learned many lessons from his failed investment in cryptocurrency exchange FTX and that he and his company will no longer be involved in cryptocurrency.
Orlando Bravo referred to FTX as "the world's most cutting-edge and advanced cryptocurrency exchange" over three years ago, when his company assisted in leading a $900 million investment in the exchange, valuing it at $18 billion. According to reports, Thoma Bravo's investment in FTX is $130 million.
However, FTX filed for bankruptcy at the end of 2022, with senior executives of the exchange accused of misappropriating over $8 billion in customer funds, and its founder Sam Bankman Fried (SBF) implicated in large-scale fraud and conspiracy crimes. In March of this year, a US judge sentenced SBF to 25 years in prison.
Bravo stated in an interview with CNBC last week that he and his company Thoma Bravo will permanently exit the cryptocurrency market after that disaster.
Once you make a mistake, once you suffer a loss in something, our philosophy and mine are to never touch it again, "Bravo said." Even if it turns out you missed out on a big market trend
Thoma Bravo was founded in 2008 and currently manages approximately $160 billion in assets. The company has risen in the technology field in recent years and has planned multiple multi billion dollar acquisitions, including cybersecurity software provider Proofpoint, property management software company RealPage, finance and supply chain software developer Anaplan, and expense management software company Coupa.
Despite the failure in investing in FTX, Bravo stated in an interview that the memory blockchain technology behind cryptocurrencies still has prospects, but whether it is Bitcoin itself or companies in the field, Bravo will avoid further exposure.
Personally, I am a supporter of memory blockchain. I believe it is a powerful way to achieve many things, suitable for many application scenarios, and I have always believed in this, "Bravo said." From an investment perspective, when you make a mistake, you will probably let go and move forward
Related reports: "SEC reserves the right to oppose FTX restructuring plan; bankruptcy proceedings accumulate over 800 million magnesium", "FTX founder SBF trades rice in prison, claiming better arbitrage opportunities but still believes he is innocent", "Temasek arrests war criminals for FTX investment case, related teams and senior executives receive salary cuts"
(责任编辑:理财)
- ·11月份去哪里玩
- ·请问360借条可以提前还款吗?怎样提前还款呢?
- ·全球领先稳定币商城有哪些?实用靠谱虚拟货币商城iOS排行榜
- ·DOG币今日行情走势-DOG币实时价格走势-DOG币最新价格
- ·币圈十大交易所排名_安全的前10名币圈APP排行榜2025
- ·简易征收劳务费会计分录怎么做
- ·九龙景区地址在哪里
- ·Bitcoin breaks through $71000 and strives to reach its previous high! Analysts warn of potential sell-off after election
- ·2025年虚拟币交易平台app排行_看比特币价格用哪个平台
- ·数字货币是钱包
- ·新手如何炒币?币圈必备的十大炒币工具
- ·以太币价格走势
- ·什么是主流币?2025年十大主流币介绍
- ·美国USDC交易所下载_福利多的USDC渠道榜单一览
- ·轻松给照片加文字的5种方法_如何在照片上加文字
- ·人人贷必须使用民生银行卡吗?不是民生银行的卡可不可以绑定在人人贷上啊?
- · OK交易所官网入口登录
- · 欧易开户
- · okb交易所官网
- · 虚拟货币交易平台有哪些
- · 欧易交易所 电脑
- · 数字货币交易所
- · 虚拟货币交易平台排名
- · ok币
- · 亿欧交易所下载
- · okx网页版