FTX was in the midst of being acquired by the world’s largest exchange Binance until a day back. However, a recent report suggested that Binance was likely to step back from buying out the beleaguered company. Alongside, FTX’s founder, Sam Bankman-Fried, recently took down a series of tweets that assured that all the funds on the exchange were safe. Thus, investors have been steering away from FTX, given its current state.
Sequoia Capital marks down its FTX stake to $0
Sequoia Capital marks down its FTX stake to…
Sequoia Capital marks down its FTX stake to $0
FTX was in the midst of being acquired by the world’s largest exchange Binance until a day back. However, a recent report suggested that Binance was likely to step back from buying out the beleaguered company. Alongside, FTX’s founder, Sam Bankman-Fried, recently took down a series of tweets that assured that all the funds on the exchange were safe. Thus, investors have been steering away from FTX, given its current state.