What are FTX's investors saying?
The HinduFTX, formerly one of the world's largest crypto exchanges, is seeking new funding after a rush of customer withdrawals left it on the brink of collapse. Here's what investors in FTX are saying now: Softbank The total investment of SoftBank Group Corp's Vision Fund in the U.S. and international operations of FTX is less than $100 million, a source close to SoftBank said on Friday. On Twitter, Sequoia said its Global Growth Fund III invested $150 million in FTX.com and FTX US, which accounted for less than 3% of the fund's committed capital, while the Sequoia Capital Global Equities fund invested $63.5 million. Temasek Singapore's state investor Temasek Holdings said on Thursday it would write down the value of its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome of its bankruptcy filing. Paradigm Crypto investment giant Paradigm, which raised a $2.5 billion investment fund in November 2021, told investors in a letter that it had invested $278 million in FTX, or 3.2% of the firm's total assets.
History of this topic
FTX Woes Continue As SoftBank Writes Off $100-Million Investment In Bankrupt Firm
ABP News
FTX bankruptcy also endangers founder's philanthropic gifts
The Independent
FTX founder holed-up with co-founder and chief technology officer in luxurious Bahamas resort
Daily Mail
Collapsed FTX hit by rogue $600 million outflows
The Hindu
AP source: US authorities investigate crypto exchange FTX
Associated Press
FTX scrambles for rescue funds
Al Jazeera
Column: A cryptocurrency billionaire implodes, showing that the whole field is built on quicksand
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