Cryptocurrency Exchange Ftx Is No Longer Worth Anything Says Key Investor Cryptocurrencies
In a note to partners, venture capital firm Sequoia announced it had reduced its $150m (£130m) investment in FTX to nothing. “In recent days, a liquidity crisis has created a solvency risk for FTX. The full nature and extent of this risk is not known at this time. Based on our current understanding, we mark our investment at $0,” the investors wrote, in a message signed by Team Sequoia. Binance and FTX logos....