Bloomberg: Tiger Global invested $38 million in FTX with the help of due diligence from firms like Bain

ChainCatcher news, according to a report by Bloomberg citing informed sources, consulting firm Bain & Company was one of the consulting firms that helped Tiger Global conduct due diligence on its investment in FTX. Tiger Global pays Bain over $100 million annually for research on private companies. Tiger Global has now written down its $38 million stake in FTX to zero.

ChainCatcher previously reported that after writing down its FTX investment, Tiger Global established a new fund and plans to raise $6 billion. (Bloomberg)