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Sequoia: FTX Is Worth $0. Crypto Crisis Puts Institutions in Hot Water.

Sequoia: FTX Is Worth $0. Crypto Crisis Puts Institutions in Hot Water.

Pamela James by Pamela James
November 10, 2022
in Finance
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Venture capital powerhouse


Sequoia


says that the value of its investment in distressed crypto exchange FTX has been marked down to $0.

That represents a $214 million loss. Other institutional investors are likely to follow.

Pamela James

Pamela James

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