Thoma Bravo Exits Crypto Following FTX Collapse and Bankman-Fried Scandal

Benzinga

Private equity investor Orlando Bravo says his firm, Thoma Bravo, is exiting the crypto market. Bravo once praised FTX as the most "sophisticated cryptocurrency exchange in the world." The shift follows FTX's 2022 collapse and founder Sam Bankman-Fried’s 25-year prison sentence for fraud. Thoma Bravo had led a $900 million investment in FTX in 2021. Thoma Bravo, known for investing in technology firms, oversees $160 billion in assets.

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00:00It's Benzinga and here's what's on the block.

00:03Private equity investor Orlando Bravo says his firm Toma Bravo is exiting the crypto

00:07market.

00:08Bravo once praised FTX as the most sophisticated cryptocurrency exchange in the world.

00:13The shift follows FTX's 2022 collapse and founder Sam Bankman frees 25-year prison sentence

00:19for fraud.

00:20Toma Bravo had led a $900 million investment in FTX in 2021.

00:26Toma Bravo, known for investing in technology firms, oversees $160 billion in assets.

00:31For all things money, visit Benzinga.com.

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