Sequoia writes-off over $200M FTX investment as ‘worthless’
Sequoia said the loss has been mitigated by gains amounting to $7.5 billion in its Global Growth Fund III.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Binance said FTX situation were beyond its control and ability to help.
SBF owned Alameda Research and FTX Ventures websites have been taken offline amid FTX controversy
Tom Brady and Gisele Bündchen's investment in FTX may be at considerable risk following the exchange's collapse.
Kucoin and OKX reveal they would publish their reserves within the next 30 days.
A source close to the matter revealed that it was highly unlikely Binance will acquire FTX after looking at the company's books.
FTX's service agreement notes that funds deposited into user accounts aren't eligible for any public or private deposit insurance protection.