Orlando Bravo's firm, Thoma Bravo, will not invest in cryptocurrency after a $900M loss in FTX.

Orlando Bravo, founder of Thoma Bravo, announced that his firm will not invest in cryptocurrency again following their unsuccessful $900 million investment in the now-bankrupt FTX exchange. FTX's founder, Sam Bankman-Fried, is serving a 25-year prison sentence for fraud. Despite recognizing the potential of blockchain technology, Bravo emphasized his firm's philosophy of avoiding sectors where they experienced significant losses.

September 05, 2024
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