Approximately 85 billionmanaging a dollar asset Sequoia Capital, FTXHe apologized to his investors for the losses caused by the
crypto bear market and FTX The effects of its bankruptcy began to recede from the market. However, the consequences of the collapse of one of the world’s largest cryptocurrency exchanges were severe. Especially investment asset management companies, FTX reported millions of dollars in losses due to its relations with In this period, when the processes moved to a legal dimension, creditors began to appear in court. Experts, FTX He stated that his creditors could wait for many years. Among all these processes, Sequoia Capital apologized.
Sequoia Capital Promises Investors to Improve
investment asset management company Sequoia Capital, FTXdue to approx. 150 million reported a dollar loss. After these losses, the company apologized to its investors and stated that they would follow the process.
Wall Street Journal According to the news, the partners of the investment company apologized to their investors. Partners of the investment firm said that the company will improve its due diligence process regarding future investments. In addition, the managers gave the message that the investments made by the company can be audited.
Also, according to recent court filings, FTX Group ‘Famethe biggest 50about the creditor 3 billionHe has a dollar debt.
