Sequoia also reassured its partners that the writing off of FTX wouldn’t have a detrimental impact on the fund, saying it accounted for less than 3% of the capital committed to it, adding:
The venture capital firm also reported to have invested $63.5 million into FTX and FTX US from its Sequoia Capital Global Equities Fund, however, the holdings represented less than 1% of the entire portfolio.
Not until Tether.
For sam , yes.
Write-off for taxes.
sequoia should of invested in atpayio it would of given a better return
Damn you guys are working on all the coffee and red bull in the world! Thanks for the constant updates 💙
Everyone’s just assuring everyone else they are all ok these days!
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Sequoia Capital marks down its FTX investment to $0'Based on our current understanding, we are marking our investment down to $0,' venture capital firm Sequoia Capital announced Wednesday. ☹️ Funny. Working on a way to save a centralized exchange to save decentralization. Life is full of paradoxes. Binance is really no different. It’s a centralized exchange trying its best to skirt all regulations, less so with FTX.
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Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion. Holy shit😭😭😭 Good morning, Forbes. This was posted by Binance like 5h ago. Thanks for playing ..
Source: Forbes - 🏆 394. / 53 Read more »
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will reportedly back out of its agreement to buy rival cryptocurrency exchange FTX, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion, taking down the value of digital assets with it. cz_binance, you cunt! I want to learning cryptocurrency. Could you please send me the cryptocurrency learn package details at your earliest. Thanks and regards. Gamage
Source: Forbes - 🏆 394. / 53 Read more »