HomeBusinessSequoia Capital writes down $214 million in FTX.

Sequoia Capital writes down $214 million in FTX.

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By lapaasindia
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  • In light of the uncertainties surrounding the crypto exchange’s liquidity crisis, venture capital firm Sequoia Capital said that it is marking down the complete value of its investment in FTX to zero dollars.
  • The VC company invested $213.5 million in FTX’s foreign and US companies last year.
  • The full nature and scope of this risk are unknown at this time, Sequoia continued.

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