Venture capital firms for allegedly manipulating customers for FTX were named as defendants in the class action lawsuit.
Crypto stock market of FTX legal processes continue. Although FTX aims to return to the market with its restructuring plans, the litigation processes are not over.
USA California North region Area in courtin a class action lawsuit, TemasekAnd of SoftbankVenture capital companies, in which he was involved, were put forward as defendants.
Venture capital firms worked for FTX?
Between them Temasek, sequoia capital, sino GlobalAnd of SoftbankEighteen leading venture capital firms, including FTX, are at the table in FTX cases.
These investment companies FTXallegedly aiding and abetting fraud. USAclass action in of FTXHe claims to have built himself a stronghold using all the branches of crypto.
The venture capital companies involved in the lawsuit, FTX He is accused of complicity in billions of dollars of fraud with misleading statements about him and customer incentives. The companies will appear in court as the defendants in the case. one of the investment companies Temasek, SingaporeIt is known as a company that receives the support of the state.
Venture capital firms can turn millions of dollars in assets in any crypto venture. According to the allegation in the case, these companies used the method of persuading customer assets. to FTXreflected and thus of FTXHe has money in his safe.
