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  • Sequoia Capital marks down entire $214M FTX stake to zero

    • Post author:MiamiCrypto
    • Post published:November 10, 2022
    • Post category:Airbnb / Apple / assets under management / Global Growth Fund III / Google / Insolvency / Sequoia Capital / Sequoia Capital Global Equities Fund / Solvency

    The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

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