{"id":36463,"date":"2023-01-10T09:34:01","date_gmt":"2023-01-10T09:34:01","guid":{"rendered":"https:\/\/lydian.io\/?p=36463"},"modified":"2023-01-10T09:34:01","modified_gmt":"2023-01-10T09:34:01","slug":"sequoia-capital-cuts-its-entire-214-million-ftx-stake-to-zero","status":"publish","type":"post","link":"https:\/\/lydian.io\/sequoia-capital-cuts-its-entire-214-million-ftx-stake-to-zero\/","title":{"rendered":"Sequoia Capital cuts its entire $214 million FTX stake to zero","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Enterprise capital agency Sequoia Capital tweeted a letter to its companions on Nov. 10, revealing that the agency had decreased its $213.5 million investments in FTX and FTX US to $0 and thought of them full denoted loss.<\/p>\n
The letter mentioned the disaster FTX is going through has \"created solvency danger\" however claimed its publicity to the inventory market is \"restricted\" in its International Development Fund III, the place its price foundation for the FTX A part of the fund totaled $150 million.<\/p>\n
Right here is the notice we despatched to our LPs in GGFIII concerning FTX. pic.twitter.com\/Cgp1Yxk1pz<\/a><\/p>\n