Jo Taylor – Chief Executive Officer of the $190 billion Ontario Teachers’ Pension Plan (OTPP) – told the Financial Times that the entity will refrain from cryptocurrency investments due to the losses triggered by the FTX meltdown. He said the decision was based in part on “feedback from our members,” who presumably criticized the fund’s initial interaction with the collapsed platform.

OTPP has previously shown support toward FTX, making two separate investments in 2021 and early 2022 for a total of $95 million. Back then, the exchange was among the leaders in its field while the crypto market was in a bull run.