<p>Coinbase global says it will write off investment its ventures arm made in FTX. </p><ul><li>Coinbase will participate in FTX bankruptcy proceedings to seek a claim hundred $15 million in deposits at the exchange</li><li>Exposure to FTX is not material to its balance sheet </li></ul><p>Coinbase is also saying that FTX has ceased processing withdrawals around midday Friday.</p>

This article was written by Greg Michalowski at forexlive.com.