Cryptocurrency exchange FTX is now worthless, key investor says
FTX, once the second-largest cryptocurrency exchange in the world, is worthless, according to one of the company’s early investors. In a note to partners, venture capital firm Sequoia said it had written off its $150m (£130m) investment in FTX. “In recent days, a liquidity crisis has created a solvency risk for FTX. The full nature …
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