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Sequoia Note to LPs: FTX Investment Has Dropped to $0

Sequoia Capital has marked its $210 million investment of embattled cryptocurrency firm FTX to $0. So reports CNBC.

Sequoia, a venture capital firm, noted its exposure to the potentially bankrupt firm was limited though its Global Growth Fund III, which “remains in good shape.” Both the U.S. Department of Justice and the Securities and Exchange Commission have launched investigations into FTX.

Read the full article from CNBC.

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