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CoinGape

2022-11-10 06:48:43

FTX News: Sequoia Capital To “Write-Off” $210 Mln Amid Bankruptcy Risks

FTX News: Sequoia Capital To “Write-Off” $210 Mln Amid Bankruptcy Risks

Crypto exchange FTX continues to face a liquidity crunch as rival Binance backs away from a potential acquisition. FTX’s website is back online with a banner that states, “FTX is currently unable to process withdrawals. We strongly advise against depositing.” Meanwhile, Sequoia Capital on Thursday announced that it’s marking investments in FTX to $0 due The post FTX News: Sequoia Capital To “Write-Off” $210 Mln Amid Bankruptcy Risks appeared first on CoinGape .

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