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Updated Jan 19, 2023 at 12:17 p.m. UTC
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BlackRock CEO Larry Fink specified that the asset management giant had invested $24 million in FTX before its collapse, according to Reuters. Fink was speaking at the New York Times Dealbook conference on Wednesday.
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Fink also said it looked like there were misbehaviors in FTX, but would not speculate on whether BlackRock and venture capital firm Sequoia, which had invested $213.5 million in FTX and has since marked that amount down to zero, had been misled by FTX, Reuters reported.
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FTX owes its top 50 creditors more than $3 billion and has an estimated 1 million creditors in total.
Read more: The FTX Downfall: Full Coverage