Matt Huang, the co-founder of one of crypto’s largest venture capital firms said they “deeply regret” investing in FTX.
“We never traded on FTX and did not have any assets on the exchange. We have never been investors in related tokens such as FTT, SRM, MAPS, or OXY.”Since posting the tweet, a number of Twitter users challenged whether the firm did enough due diligence prior to investing in FTX.
you guys made a bad bet. you didn’t do your due diligence. and your endorsement led others to believe in & support the fraud that was SBF/FTXbut i respect taking the L and publicly owning up to it.
“Obviously, they’re smart in one aspect, but they’re running a $32 billion company is very different than, you know, when you manage a small company,” he added.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The ‘SBF Bill’: What’s in the Crypto Legislation Backed by FTX FounderThe Senators behind the DCCPA – the bipartisan piece of crypto regulation backed by former FTX_Official CEO Sam Bankman-Fried – say they’re pushing ahead on the bill some say will “kill” DeFi. What’s really inside the bill? cheyenneligon reports
Read more »
The week the crypto dream diedSam Bankman-Fried's stated dream was for the crypto industry to improve upon and supplant the world's existing financial infrastructure. That dream is now dead.
Read more »
FTX Founder Secretly Moved Funds Through Backdoor: FTX InsiderFTX insider has reportedly stated that recent FTX 'hack' was illegal withdrawal of funds from FTX to Alameda Research
Read more »
Cumberland: FTX collapse to trigger structural change in crypto markets, away from centralizationCrypto's all-in-one market structure was due for a change, in hindsight, DRW's crypto trading shop Cumberland said on Monday.
Read more »
Customers who trusted crypto giant FTX may be left with nothing | CNN BusinessAs the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money can expect to get back from crypto exchange FTX. The answer may be zero, legal experts say.
Read more »