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SoftBank writes down nearly $100 million investment in FTX

SoftBank writes down nearly $100 million investment in FTX

a year ago
Anonymous $_PGtSJbg8h

https://techcrunch.com/2022/11/14/softbank-ftx-crypto/

As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized.

Namely, many people are asking just how could so many high-profile investment firms pour a collective $2 billion with apparently so little due diligence.

SoftBank writes down nearly $100 million investment in FTX

Nov 14, 2022, 7:42pm UTC
https://techcrunch.com/2022/11/14/softbank-ftx-crypto/ > As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized. > Namely, many people are asking just how could so many high-profile investment firms pour a collective $2 billion with apparently so little due diligence.