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Cryptocurrencies: 27807
Markets: 115427
Market Cap: $3,725,201,338,508     
24h Vol: $89,457,026,915
cryptonews 2022-11-23 13:50:00

Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX

Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX
In a rare move, American venture capital firm Sequoia Capital reportedly apologized to its fund investors for the $150 million it had lost on the now-bankrupt crypto exchange FTX. The apology was reported by the Wall Street Journal, citing people familiar with the matter. Sequoia’s partners reportedly told the fund investors on a call on Tuesday that the firm would improve its due-diligence process when it comes to future investments.... Read More: Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX
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