Yugocean
Valued Contributor
Bloomberg has reported that three high-profile investment firms have written off their investments in FTX, triggering a new uproar in the market. These investors are Temasek, Sequoia, and SoftBank.
"Temasek" is Singapore's state investment fund that invested nearly $300 million in FTX in January.
"Sequoia Capital," a Menlo Park, California-based venture capital firm, invested over $200 million in FTX.
"SoftBank" is a Japanese conglomerate that invested approximately $100 million in FTX.
SBF's fan media then gave it titles like "Warren Buffett of the crypto world" and "Future JP Morgan." The policy of American agencies like the SEC not bothering FTX and Alamenda Research only extended the SBF's influence outside the crypto industry as well.
And now the full realisation of that investment will be written off.
Now with the end of the FTX empire, every investment in it has come to an end, high profile companies will lose their market value too, but they have to be ready.
"Temasek" is Singapore's state investment fund that invested nearly $300 million in FTX in January.
"Sequoia Capital," a Menlo Park, California-based venture capital firm, invested over $200 million in FTX.
"SoftBank" is a Japanese conglomerate that invested approximately $100 million in FTX.
SBF's fan media then gave it titles like "Warren Buffett of the crypto world" and "Future JP Morgan." The policy of American agencies like the SEC not bothering FTX and Alamenda Research only extended the SBF's influence outside the crypto industry as well.
And now the full realisation of that investment will be written off.
Now with the end of the FTX empire, every investment in it has come to an end, high profile companies will lose their market value too, but they have to be ready.
