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CoinTelegraph

2022-11-10 05:40:25

Sequoia Capital marks down entire $214M FTX stake to zero

Sequoia Capital marks down entire $214M FTX stake to zero

The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

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