Sequoia Capital Marks FTX Investment to $0

Don Ma
By Don Ma
November 10, 2022NTD Businessshare

The crisis at crypto exchange FTX continues to unfold: investors in the company are losing money, big-time.

Those invested in FTX are losing their money. Some have lost all of it. Venture capital giant Sequoia Capital said it’s marking down the value of its entire stake in FTX to zero. The stake was previously a little over $210 million.

 

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