Thoma Bravo, a top private equity firm managing $160 billion in assets, has decided to permanently withdraw from the crypto market following its failed investment in FTX. Thoma Bravo was part of a group of investors that led a $900 million investment in FTX in 2021. However, FTX faced financial concerns, leading to the collapse of the exchange and Thoma Bravo suffering substantial losses. FTX's founder, Sam Bankman-Fried, was sentenced to 25 years in prison. Thoma Bravo and other investors are facing a lawsuit alleging they made misleading statements promoting FTX. Despite the setback, Thoma Bravo still believes in the potential of blockchain technology. The FTX bankruptcy saga is nearing its conclusion, with $16 billion recovered to repay customers. A crucial hearing is scheduled to confirm FTX's Chapter 11 Plan of Reorganization, although there are concerns about the fairness of the proposed repayment calculation.



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