Private equity investor Orlando Bravo says his firm, Thoma Bravo, is exiting the crypto market. Bravo once praised FTX as the most "sophisticated cryptocurrency exchange in the world." The shift follows FTX's 2022 collapse and founder Sam Bankman-Fried’s 25-year prison sentence for fraud. Thoma Bravo had led a $900 million investment in FTX in 2021. Thoma Bravo, known for investing in technology firms, oversees $160 billion in assets.
