has placed Sequoia Capital in an unfamiliar position: damage control mode.
The early backer of Apple Inc., Alphabet Inc.’s Google, and Airbnb Inc. —and one of Silicon Valley’s most successful venture-capital firms—apologized to its fund investors in a conference call Tuesday for its $150 million loss on the crypto exchange FTX and vowed to improve its due diligence process for future investments, said people familiar with the matter.
Even the VCs knew that’s things had gotten too crazy and decisions were being made so fast that they couldn’t do proper due diligence, but they had serious FOMO so went along w/ it
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FTX hacker dumps 50,000 ETH, still among top 40 Ether holdersThe FTX hacker drained nearly $447 million out of multiple FTX global and FTX.US exchange wallets just hours after the crypto exchange filed for Chapter 11 bankruptcy on Nov. 11. It can only be seen as a plan of a malicious and organized criminal group in the first place. FTX The punishment for all of them will get bigger. I'm going to go to the end of the world and f*** you. FTX_Official SBF_FTX Can you fucking stop saying hacker I heard they were calling themselves the reverse moon hackers. Sounds all 6's and 7's to me.
Source: Cointelegraph - 🏆 562. / 51 Read more »
This Hydrow Wave Black Friday deal let's you upgrade your home gym for lessSave $150 on our favourite Hydrow Wave rowing machine this Black Friday.
Source: LiveScience - 🏆 538. / 51 Read more »
The week in markets: FTX collapse leads to contagion, equities hit hardestCrypto markets and equities tied to the industry felt the pressure last week as the situation around crypto exchange FTX continued to unravel. I wish someone showedd me this earlierr Theyy don’t want youu to know thiss
Source: TheBlock__ - 🏆 464. / 53 Read more »
Collapsed FTX owes nearly $3.1 billion to top 50 creditors | CNN BusinessCryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. Maybe Elon could buy it and make it Legit ! I am an avid reader of cnn. While I find an article telling how bad Elon Musk every other day, I could not find a negative article about FTX until now. What am I missing here? The amount of mis-information CNN spreads they shouldn’t even be allowed to report news.
Source: CNN - 🏆 4. / 95 Read more »
Collapsed FTX owes billions of dollars to top 50 creditorsFTX and its affiliates filed for bankruptcy in Delaware on November 11 in one of the highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.
Source: trtworld - 🏆 101. / 63 Read more »
FTX owes $3.1 billion to its 50 largest creditorsFTX owes its 50 largest creditors about $3.1 billion, the failed cryptocurrency exchange said in a bankruptcy court filing Saturday. The filing didn’t name... What a scam 🚨Sam Bankman-Fried 2nd Largest Donor to Democrat Party❗️ One million BagHolders get wiped out❗️❗️ JudiciaryGOP 🇺🇸 HouseGOP 🇺🇸 ftx hopefully, at least $40m could be recovered from some good and highly moral people, who will grab this opportunity to show leadership and prove to everyone they have nothing to do with this scam.
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