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Samsung Investment Arm Got Burnt By FTX Meltdown

After it invested in the exchange in a funding round last year, Samsung is next on a long list of those suffering due to the collapse of FTX. The company’s contribution in the $420 million funding round is not known, but it is having trouble with its investment.

The investment arm of Samsung — Samsung Next — focuses on investment in six fields: artificial intelligence (AI), fintech, healthcare, infrastructure, media tech, and blockchain. FTX is one of its most notable investments.

(By Rahul Nambiampurath)

Samsung Crypto FTX
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