.GoldmanSachs is looking to spend tens of millions of dollars for investments in crypto firms, whose valuations have been hit after the FTX bankruptcy. By egreechee
following worrying revelations about its financials and relationship to trading firm Alameda Research.
The FTX fiasco was the latest blow to an industry that has seen several high-profile bankruptcies in the past few months amid depressed markets. The contagion has spread to other firms, such as crypto"We do see some really interesting opportunities, priced much more sensibly," Mathew McDermott, Goldman's head of digital assets, told Reuters. Goldman sees an increased need for trustworthy players in the industry, which banks see as an opportunity, according to McDermott.
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