Galaxy Digital has an exposure of approximately $76.8 million to FTX, with a net loss of $68 million in the third quarter

ChainCatcher news, according to The Block, financial services and investment management company Galaxy Digital disclosed its exposure to FTX amounts to $76.8 million, of which $47.5 million is currently "in the process of exiting." Additionally, the company reported a net loss of $68 million for the third quarter, with assets under management nearing $2 billion, a 17% increase from the previous quarter.

The company's losses were attributed to "external market conditions leading to declines in the valuations of certain investments," as well as increased operating expenses in its mining business due to impairment of mining assets. Meanwhile, the company retains $1.5 billion in liquid assets and $1 billion in cash. (source link)